S&P Global Inc. (NYSE:SPGI) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC decreased its stake in S&P Global Inc. (NYSE:SPGI) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,088 shares of the business services provider’s stock after selling 6,242 shares during the quarter. Riverbridge Partners LLC’s holdings in S&P Global were worth $87,199,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in 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. lifted its position in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.1 %

Shares of NYSE SPGI opened at $510.64 on Thursday. The stock has a market cap of $158.45 billion, a P/E ratio of 45.07, a PEG ratio of 2.35 and a beta of 1.20. The business’s fifty day simple moving average is $504.77 and its 200-day simple moving average is $502.32. 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.

S&P Global (NYSE:SPGI) last announced 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 return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business posted $3.21 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that S&P Global Inc. will post 15.31 EPS for the current fiscal year.

S&P Global 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.