Bryn Mawr Capital Management LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Bryn Mawr Capital Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,636 shares of the business services provider’s stock after purchasing an additional 146 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in S&P Global were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of S&P Global by 13.2% in the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares during the period. Morgan Stanley increased its position in shares of S&P Global by 8.2% in the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after acquiring an additional 428,737 shares during the period. Assenagon Asset Management S.A. increased its position in shares of S&P Global by 1,750.0% in the third quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after acquiring an additional 405,234 shares during the period. Envestnet Asset Management Inc. increased its position in shares of S&P Global by 42.7% in the third quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock valued at $377,630,000 after acquiring an additional 309,123 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position in shares of S&P Global by 35.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,179,024 shares of the business services provider’s stock valued at $430,827,000 after acquiring an additional 308,683 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Oppenheimer lifted their target price on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday. Barclays lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Finally, Stifel Nicolaus raised their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $462.60.

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.10% of the stock is owned by corporate insiders.

S&P Global Trading Up 0.1 %

Shares of S&P Global stock opened at $415.73 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.84. S&P Global Inc. has a 1-year low of $340.49 and a 1-year high of $461.16. The company’s fifty day simple moving average is $423.79 and its 200-day simple moving average is $417.41. The stock has a market capitalization of $133.14 billion, a PE ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. As a group, equities analysts anticipate that S&P Global Inc. will post 13.99 earnings per share for the current year.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.