Tokio Marine Asset Management Co. Ltd. Has $3.29 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Tokio Marine Asset Management Co. Ltd. grew its position in S&P Global Inc. (NYSE:SPGI) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,462 shares of the business services provider’s stock after purchasing an additional 229 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in S&P Global were worth $3,287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings 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 purchasing an additional 881,215 shares during the last quarter. Morgan Stanley increased its holdings in S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Northern Trust Corp increased its holdings in S&P Global by 1.6% during the third quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after buying an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in S&P Global by 3.9% during the third quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock worth $798,821,000 after buying an additional 83,174 shares during the last quarter. Finally, Mackenzie Financial Corp increased its holdings in S&P Global by 24.4% during the fourth quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after buying an additional 294,896 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SPGI. Barclays raised their price objective 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. Oppenheimer restated an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Raymond James increased their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. 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 assigned a buy rating to the company. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $462.00.

S&P Global Price Performance

Shares of SPGI stock traded down $2.51 during trading hours on Thursday, reaching $410.77. The stock had a trading volume of 1,090,251 shares, compared to its average volume of 1,341,362. The stock’s fifty day simple moving average is $424.13 and its 200 day simple moving average is $417.08. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $338.92 and a 12 month high of $461.16. The firm has a market capitalization of $131.55 billion, a PE ratio of 50.22, a PEG ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business posted $2.54 earnings per share. S&P Global’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 14.11 EPS 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.