S&P Global Inc. (NYSE:SPGI) Holdings Decreased by Albion Financial Group UT

Albion Financial Group UT lessened its stake in S&P Global Inc. (NYSE:SPGI) by 21.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 150 shares of the business services provider’s stock after selling 40 shares during the quarter. Albion Financial Group UT’s holdings in S&P Global were worth $75,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Nordea Investment Management AB lifted its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the period. GDS Wealth Management lifted its position in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC lifted its position in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas bought a new position in S&P Global during the 3rd quarter valued at $27,170,000. Finally, Eastern Bank increased its position in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday. Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Oppenheimer cut their price objective on 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. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.1 %

SPGI opened at $510.64 on Thursday. The company has a market capitalization of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The business has a 50-day moving average of $504.76 and a 200-day moving average of $502.26.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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 analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 15.31 EPS for the current fiscal 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.