Clarius Group LLC Lowers Position in S&P Global Inc. (NYSE:SPGI)

Clarius Group LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,440 shares of the business services provider’s stock after selling 58 shares during the period. Clarius Group LLC’s holdings in S&P Global were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC increased its stake in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Legal & General Group Plc raised its position in shares of S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after purchasing an additional 29,227 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of S&P Global by 1.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after buying an additional 28,458 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.7 %

SPGI opened at $501.70 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $504.75 and a 200 day moving average of $500.78. The firm has a market cap of $155.68 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 EPS. As a group, research analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SPGI. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Evercore ISI began 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 for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.