S&P Global Inc (SPGI) is Montag & Caldwell LLC’s 8th Largest Position

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Montag & Caldwell LLC cut its holdings in S&P Global Inc (NYSE:SPGI) by 8.6% during the first quarter, HoldingsChannel reports. The institutional investor owned 339,225 shares of the business services provider’s stock after selling 31,722 shares during the quarter. S&P Global comprises 3.7% of Montag & Caldwell LLC’s investment portfolio, making the stock its 8th biggest holding. Montag & Caldwell LLC’s holdings in S&P Global were worth $71,424,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Kistler Tiffany Companies LLC raised its holdings in shares of S&P Global by 220.0% in the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock worth $34,000 after acquiring an additional 110 shares during the last quarter. We Are One Seven LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at $28,000. Moody National Bank Trust Division purchased a new stake in shares of S&P Global in the fourth quarter valued at $29,000. Legacy Bridge LLC purchased a new stake in S&P Global during the fourth quarter valued at about $30,000. Finally, CNB Bank grew its position in S&P Global by 45.9% during the first quarter. CNB Bank now owns 178 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 56 shares during the period. Hedge funds and other institutional investors own 84.45% of the company’s stock.

In other news, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the completion of the sale, the chief executive officer now owns 17,354 shares of the company’s stock, valued at $3,396,871.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the sale, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at approximately $4,010,130.64. The disclosure for this sale can be found here. Insiders sold 19,041 shares of company stock valued at $3,805,815 in the last ninety days. Company insiders own 0.20% of the company’s stock.

A number of research firms have issued reports on SPGI. Raymond James boosted their price target on S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Zacks Investment Research downgraded S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Barclays lowered their price target on S&P Global from $220.00 to $205.00 and set an “overweight” rating for the company in a research report on Monday, January 7th. Morgan Stanley set a $193.00 price target on S&P Global and gave the company a “hold” rating in a research report on Wednesday, January 23rd. Finally, UBS Group downgraded S&P Global from a “buy” rating to a “neutral” rating and boosted their price target for the company from $200.00 to $205.00 in a research report on Friday, February 8th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. S&P Global presently has an average rating of “Buy” and an average target price of $212.18.

SPGI stock traded down $0.17 during trading on Friday, reaching $217.00. 20,309 shares of the stock traded hands, compared to its average volume of 1,240,747. S&P Global Inc has a 52-week low of $156.68 and a 52-week high of $222.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35. The company has a market cap of $53.57 billion, a PE ratio of 25.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the company earned $2.00 EPS. S&P Global’s quarterly revenue was up .3% on a year-over-year basis. Equities analysts forecast that S&P Global Inc will post 9.03 EPS for the current fiscal year.

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S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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