Skylands Capital LLC Sells 1,000 Shares of S&P Global Inc. (NYSE:SPGI)

Skylands Capital LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 20.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,875 shares of the business services provider’s stock after selling 1,000 shares during the quarter. Skylands Capital LLC’s holdings in S&P Global were worth $1,707,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after buying an additional 881,215 shares during the last quarter. Morgan Stanley increased its position in shares of S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of S&P Global by 1,750.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock worth $156,538,000 after purchasing an additional 405,234 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of S&P Global by 42.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,033,443 shares of the business services provider’s stock worth $377,630,000 after buying an additional 309,123 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in S&P Global by 35.5% during 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 buying an additional 308,683 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Raymond James increased their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Oppenheimer raised their target price on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus upped their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday. Finally, BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Price Performance

NYSE:SPGI traded down $0.15 during trading hours on Monday, hitting $415.63. The stock had a trading volume of 483,278 shares, compared to its average volume of 1,350,718. The firm has a market capitalization of $130.05 billion, a price-to-earnings ratio of 46.61, a P/E/G ratio of 2.35 and a beta of 1.15. S&P Global Inc. has a one year low of $340.49 and a one year high of $461.16. The company has a 50 day simple moving average of $423.79 and a two-hundred day simple moving average of $418.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. Research analysts forecast that S&P Global Inc. will post 14.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.10% of the company’s stock.

About S&P Global

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.