Campbell Newman Asset Management Inc. Sells 1,456 Shares of S&P Global Inc. (NYSE:SPGI)

Campbell Newman Asset Management Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,841 shares of the business services provider’s stock after selling 1,456 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in S&P Global were worth $11,376,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. HWG Holdings LP bought a new position in S&P Global in the second quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. increased 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 valued at $32,000 after buying an additional 27 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

S&P Global stock traded up $7.70 during trading hours on Wednesday, hitting $492.17. 187,278 shares of the stock traded hands, compared to its average volume of 1,216,930. The firm’s 50 day moving average price is $504.46 and its 200-day moving average price is $500.38. 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 stock has a market capitalization of $152.72 billion, a price-to-earnings ratio of 43.44, a P/E/G ratio of 2.53 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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Wells Fargo & Company reduced their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $583.62.

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.