Manning & Napier Advisors LLC lessened its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 3.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 147,223 shares of the business services provider’s stock after selling 5,516 shares during the quarter. Manning & Napier Advisors LLC’s holdings in S&P Global were worth $73,321,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. AQR Capital Management LLC raised its stake in shares of S&P Global by 35.3% in the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after acquiring an additional 8,315 shares during the period. Creative Planning lifted its stake in S&P Global by 7.3% in the second quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock worth $20,359,000 after purchasing an additional 3,092 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of S&P Global by 53.2% during the second quarter. NewEdge Advisors LLC now owns 15,635 shares of the business services provider’s stock valued at $6,973,000 after buying an additional 5,429 shares during the period. Regal Investment Advisors LLC grew its stake in shares of S&P Global by 0.6% during the second quarter. Regal Investment Advisors LLC now owns 4,546 shares of the business services provider’s stock valued at $2,028,000 after buying an additional 29 shares during the last quarter. Finally, Next Capital Management LLC purchased a new stake in shares of S&P Global in the second quarter worth approximately $221,000. Institutional investors own 87.17% of the company’s stock.
S&P Global Stock Performance
SPGI traded down $0.25 during trading on Wednesday, reaching $520.21. 90,705 shares of the company’s stock were exchanged, compared to its average volume of 1,218,120. The company’s fifty day simple moving average is $505.75 and its 200-day simple moving average is $503.99. The stock has a market capitalization of $161.42 billion, a P/E ratio of 45.93, a price-to-earnings-growth ratio of 2.36 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 Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.
S&P Global Increases Dividend
Analyst Upgrades and Downgrades
SPGI has been the topic of several research analyst reports. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. BMO Capital Markets upped their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird upped their target price 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. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.
Check Out Our Latest Stock Report on S&P Global
About S&P Global
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.
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