CNB Bank Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

CNB Bank lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 960 shares of the business services provider’s stock after selling 39 shares during the quarter. CNB Bank’s holdings in S&P Global were worth $478,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moors & Cabot Inc. increased its stake in S&P Global by 12.4% during the second quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock worth $1,035,000 after acquiring an additional 256 shares during the last quarter. Edgestream Partners L.P. increased its position in shares of S&P Global by 45.7% during the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 563 shares during the last quarter. Axxcess Wealth Management LLC raised its holdings in S&P Global by 28.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $1,177,000 after buying an additional 582 shares during the period. E Fund Management Co. Ltd. lifted its position in S&P Global by 261.1% in the second quarter. E Fund Management Co. Ltd. now owns 1,755 shares of the business services provider’s stock worth $783,000 after buying an additional 1,269 shares during the last quarter. Finally, Argent Trust Co boosted its stake in S&P Global by 1.6% during the second quarter. Argent Trust Co now owns 5,644 shares of the business services provider’s stock worth $2,517,000 after buying an additional 91 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.0 %

NYSE SPGI opened at $505.06 on Friday. The stock has a market cap of $156.72 billion, a P/E ratio of 44.48, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a fifty day simple moving average of $504.61 and a two-hundred day simple moving average of $500.36.

S&P Global (NYSE:SPGI) last issued its 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 return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. On average, analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on SPGI shares. BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Oppenheimer cut 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 report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

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.