Clarius Group LLC Sells 58 Shares of S&P Global Inc. (NYSE:SPGI)

Clarius Group LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,440 shares of the business services provider’s stock after selling 58 shares during the quarter. Clarius Group LLC’s holdings in S&P Global were worth $1,215,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. HWG Holdings LP bought a new position in S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services bought a new position in shares of S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. lifted its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE SPGI opened at $501.70 on Friday. The stock has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average price is $504.75 and its 200-day moving average price is $500.78.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SPGI shares. Morgan Stanley lifted their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

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.