Legacy Wealth Asset Management LLC Decreases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Legacy Wealth Asset Management LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the business services provider’s stock after selling 38 shares during the period. Legacy Wealth Asset Management LLC’s holdings in S&P Global were worth $797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in SPGI. HWG Holdings LP acquired a new position in shares of S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new stake in S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the third quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Stock Performance

NYSE SPGI opened at $504.95 on Friday. The firm has a market capitalization of $156.69 billion, a P/E ratio of 44.57, a PEG ratio of 2.22 and a beta of 1.20. The stock has a 50-day simple moving average of $504.61 and a two-hundred day simple moving average of $500.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate 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 period last year, the business earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global 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.