Janney Capital Management LLC Sells 205 Shares of S&P Global Inc. (NYSE:SPGI)

Janney Capital Management LLC lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 16,253 shares of the business services provider’s stock after selling 205 shares during the period. Janney Capital Management LLC’s holdings in S&P Global were worth $8,095,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in 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 bought a new position in shares of S&P Global during the third quarter worth about $224,976,000. FMR LLC lifted 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 acquiring an additional 369,598 shares during the period. Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% in 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 acquiring an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in S&P Global by 3.4% during the 3rd 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. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. dropped their price target on shares of 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. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Finally, UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Up 1.2 %

NYSE:SPGI opened at $507.65 on Wednesday. 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 firm’s 50 day moving average is $504.76 and its 200 day moving average is $502.26. The stock has a market capitalization of $157.52 billion, a PE ratio of 45.01, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 15.3 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.