Legacy Wealth Asset Management LLC Cuts Position in S&P Global Inc. (NYSE:SPGI)

Legacy Wealth Asset Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,600 shares of the business services provider’s stock after selling 38 shares during the period. Legacy Wealth Asset Management LLC’s holdings in S&P Global were worth $797,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SPGI. International Assets Investment Management LLC raised its stake in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global during the third quarter worth $224,976,000. FMR LLC raised its position in S&P Global by 6.6% during 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 during the period. Ameriprise Financial Inc. lifted its holdings in S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of S&P Global by 3.4% in the third 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 purchasing an additional 292,436 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on SPGI shares. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. decreased 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. 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 report on Friday, October 25th. Finally, Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Up 1.7 %

NYSE SPGI opened at $504.95 on Friday. The business’s fifty day simple moving average is $504.61 and its 200-day simple moving average is $500.36. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market cap of $156.69 billion, a PE ratio of 44.57, a P/E/G 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 earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS 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 the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 15.25 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.