Jennison Associates LLC Sells 387,238 Shares of S&P Global Inc. (NYSE:SPGI)

Jennison Associates LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 99.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 651 shares of the business services provider’s stock after selling 387,238 shares during the quarter. Jennison Associates LLC’s holdings in S&P Global were worth $287,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in 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 valued at $2,769,787,000 after acquiring an additional 881,215 shares during the period. Morgan Stanley raised its holdings in S&P Global by 8.2% in 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 acquiring an additional 428,737 shares during the period. Northern Trust Corp raised its holdings in S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock valued at $1,196,728,000 after acquiring an additional 52,560 shares during the period. Ameriprise Financial Inc. raised its holdings in S&P Global by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock valued at $798,821,000 after acquiring an additional 83,174 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in S&P Global by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock valued at $662,013,000 after acquiring an additional 294,896 shares during the period. 87.17% of the stock is owned by institutional investors.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $415.78 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $130.10 billion, a price-to-earnings ratio of 46.61, a P/E/G ratio of 2.35 and a beta of 1.15. The firm’s 50 day simple moving average is $423.79 and its 200 day simple moving average is $418.07. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $461.16.

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

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research analyst reports. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday. Barclays raised their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Oppenheimer raised their target price on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

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.