Comgest Global Investors S.A.S. Purchases Shares of 189,545 S&P Global Inc. (NYSE:SPGI)

Comgest Global Investors S.A.S. purchased a new stake in S&P Global Inc. (NYSE:SPGI – Get Rating) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 189,545 shares of the business services provider’s stock, valued at approximately $89,452,000. S&P Global comprises 1.2% of Comgest Global Investors S.A.S.’s holdings, making the stock its 23rd largest holding. Comgest Global Investors S.A.S. owned 0.08% of S&P Global at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SPGI. Industrial Alliance Investment Management Inc. bought a new position in shares of S&P Global in the 4th quarter valued at about $25,000. Carolinas Wealth Consulting LLC grew its position in shares of S&P Global by 714.3% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 50 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in shares of S&P Global in the 4th quarter valued at about $28,000. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of S&P Global in the 4th quarter valued at about $31,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global in the 4th quarter valued at about $38,000. Hedge funds and other institutional investors own 94.26% of the company’s stock.

SPGI stock opened at $335.93 on Friday. The company has a 50 day simple moving average of $371.16 and a 200 day simple moving average of $407.80. The stock has a market cap of $114.16 billion, a price-to-earnings ratio of 24.24, a P/E/G ratio of 2.20 and a beta of 1.06. S&P Global Inc. has a 1 year low of $311.87 and a 1 year high of $484.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.38 and a quick ratio of 1.38.

S&P Global (NYSE:SPGI – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The business services provider reported $2.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.99 by ($0.10). The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $3.04 billion. S&P Global had a return on equity of 31.07% and a net margin of 40.43%. S&P Global’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.39 earnings per share. On average, equities research analysts anticipate that S&P Global Inc. will post 12.83 EPS for the current fiscal year.

In other S&P Global news, insider Martina Cheung sold 3,870 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $381.28, for a total transaction of $1,475,553.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dimitra Manis sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $336.53, for a total transaction of $673,060.00. Following the sale, the executive vice president now directly owns 4,839 shares in the company, valued at $1,628,468.67. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,157 shares of company stock valued at $2,911,877. 0.10% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of S&P Global from $486.00 to $441.00 in a research report on Wednesday, May 4th. Credit Suisse Group reduced their target price on shares of S&P Global from $495.00 to $425.00 in a report on Wednesday, May 4th. BMO Capital Markets reduced their target price on shares of S&P Global from $433.00 to $365.00 in a report on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of S&P Global from $483.00 to $418.00 in a report on Thursday. Finally, Jefferies Financial Group reduced their target price on shares of S&P Global from $440.00 to $416.00 and set a “buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $435.93.

S&P Global Company Profile (Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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