Global Financial Private Client LLC Cuts Position in S&P Global Inc. (NYSE:SPGI)

Global Financial Private Client LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, HoldingsChannel reports. The firm owned 975 shares of the business services provider’s stock after selling 24 shares during the period. Global Financial Private Client LLC’s holdings in S&P Global were worth $486,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPGI. AAFMAA Wealth Management & Trust LLC lifted its holdings in shares of S&P Global by 3.8% during the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 3,724 shares of the business services provider’s stock valued at $1,855,000 after purchasing an additional 137 shares during the last quarter. Cullen Investment Group LTD. raised its stake in S&P Global by 1.7% in the fourth quarter. Cullen Investment Group LTD. now owns 3,807 shares of the business services provider’s stock valued at $1,896,000 after buying an additional 65 shares during the last quarter. Traveka Wealth LLC boosted its holdings in S&P Global by 11.6% in the fourth quarter. Traveka Wealth LLC now owns 751 shares of the business services provider’s stock worth $374,000 after acquiring an additional 78 shares in the last quarter. PFW Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $203,000. Finally, Miracle Mile Advisors LLC increased its position in shares of S&P Global by 50.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock valued at $10,705,000 after acquiring an additional 7,170 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

NYSE SPGI opened at $482.16 on Tuesday. The business has a fifty day moving average of $504.58 and a 200-day moving average of $500.12. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market cap of $149.61 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

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 for the quarter, topping analysts’ consensus estimates 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 return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 EPS. As a group, analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

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.