Global Financial Private Client LLC Reduces Stock Position in S&P Global Inc. (NYSE:SPGI)

Global Financial Private Client LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 975 shares of the business services provider’s stock after selling 24 shares during the period. Global Financial Private Client LLC’s holdings in S&P Global were worth $486,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its position in S&P Global by 13.6% in the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock worth $1,809,000 after acquiring an additional 487 shares during the period. Thoroughbred Financial Services LLC bought a new position in S&P Global in the 2nd quarter worth $911,000. Wealthspire Advisors LLC lifted its position in S&P Global by 21.1% during the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 117 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in S&P Global during the second quarter valued at about $101,000. Finally, Angeles Investment Advisors LLC purchased a new stake in S&P Global in the second quarter worth about $206,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Stock Down 0.1 %

Shares of NYSE SPGI opened at $482.16 on Tuesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a 50-day simple moving average of $504.58 and a two-hundred day simple moving average of $500.12. The company has a market cap of $149.61 billion, a P/E ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 EPS. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.