Janney Capital Management LLC Sells 205 Shares of S&P Global Inc. (NYSE:SPGI)

Janney Capital Management LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,253 shares of the business services provider’s stock after selling 205 shares during the period. Janney Capital Management LLC’s holdings in S&P Global were worth $8,095,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC lifted its stake in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global in the third quarter valued at about $224,976,000. FMR LLC increased its holdings in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the period. Finally, Wellington Management Group LLP lifted its position in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.2 %

Shares of SPGI opened at $507.65 on Wednesday. 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 52-week low of $407.69 and a 52-week high of $533.29. The firm has a market cap of $157.52 billion, a price-to-earnings ratio of 45.01, a PEG ratio of 2.32 and a beta of 1.20. The business’s fifty day moving average is $504.76 and its 200-day moving average is $502.26.

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 (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for 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%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 EPS. Equities analysts anticipate that S&P Global Inc. will post 15.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on SPGI. Stifel Nicolaus boosted their target price 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. BMO Capital Markets raised their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Robert W. Baird lifted their price objective 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. Finally, Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.