Rockingstone Advisors LLC Sells 953 Shares of S&P Global Inc. (NYSE:SPGI)

Rockingstone Advisors LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.4% in the fourth quarter, HoldingsChannel reports. The fund owned 6,737 shares of the business services provider’s stock after selling 953 shares during the period. S&P Global accounts for 1.5% of Rockingstone Advisors LLC’s portfolio, making the stock its 24th biggest holding. Rockingstone Advisors LLC’s holdings in S&P Global were worth $3,355,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Morgan Stanley raised their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Up 2.6 %

Shares of NYSE SPGI opened at $497.00 on Thursday. The company has a market capitalization of $154.22 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.53 and a beta of 1.20. 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 company has a 50 day simple moving average of $504.46 and a 200-day simple moving average of $500.38. 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 issued its quarterly earnings data 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the firm earned $3.21 EPS. S&P Global’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

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.