Rockingstone Advisors LLC Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

Rockingstone Advisors LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,737 shares of the business services provider’s stock after selling 953 shares during the period. S&P Global comprises approximately 1.5% of Rockingstone Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Rockingstone Advisors LLC’s holdings in S&P Global were worth $3,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Burney Co. increased its stake in shares of S&P Global by 34.1% during the 4th quarter. Burney Co. now owns 1,864 shares of the business services provider’s stock worth $928,000 after purchasing an additional 474 shares during the last quarter. Wolff Wiese Magana LLC grew its holdings in S&P Global by 8.3% during the fourth quarter. Wolff Wiese Magana LLC now owns 485 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 37 shares during the period. S.E.E.D. Planning Group LLC purchased a new stake in S&P Global in the fourth quarter worth $458,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of S&P Global by 78.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,734 shares of the business services provider’s stock valued at $2,358,000 after buying an additional 2,074 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of S&P Global by 21.1% during the 4th quarter. Park Avenue Securities LLC now owns 13,232 shares of the business services provider’s stock valued at $6,590,000 after buying an additional 2,310 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Morgan Stanley lifted 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. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus upped their price target 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. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Trading Up 2.6 %

Shares of S&P Global stock opened at $497.00 on Thursday. 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. The firm has a market cap of $154.22 billion, a PE ratio of 43.87, a PEG ratio of 2.53 and a beta of 1.20. The company has a 50 day simple moving average of $504.46 and a two-hundred day simple moving average of $500.38.

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