Gateway Investment Advisers LLC Sells 154 Shares of S&P Global Inc. (NYSE:SPGI)

Gateway Investment Advisers LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,948 shares of the business services provider’s stock after selling 154 shares during the quarter. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $10,931,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter valued at approximately $31,000. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.7 %

Shares of NYSE:SPGI opened at $504.95 on Friday. The company has a 50 day moving average price of $504.61 and a two-hundred day moving average price of $500.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $156.69 billion, a PE ratio of 44.57, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week 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 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the business posted $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. 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 research analysts have commented on the company. Morgan Stanley increased their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company dropped their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Oppenheimer lowered 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. Finally, BMO Capital Markets cut 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 report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

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.