AdvisorNet Financial Inc Sells 562 Shares of S&P Global Inc. (NYSE:SPGI)

AdvisorNet Financial Inc trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,533 shares of the business services provider’s stock after selling 562 shares during the period. AdvisorNet Financial Inc’s holdings in S&P Global were worth $1,262,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. grew its holdings in shares of S&P Global by 13.6% during the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock valued at $1,809,000 after buying an additional 487 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in S&P Global by 21.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 117 shares during the last quarter. Angeles Investment Advisors LLC acquired a new position in S&P Global during the 2nd quarter valued at about $206,000. Dimensional Fund Advisors LP increased its holdings in S&P Global by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock worth $350,483,000 after purchasing an additional 53,188 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its stake in shares of S&P Global by 5.4% in the second quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock worth $3,399,000 after purchasing an additional 392 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets lowered their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Evercore ISI started coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

Shares of SPGI opened at $483.68 on Wednesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock’s fifty day moving average price is $504.46 and its two-hundred day moving average price is $500.38. The firm has a market cap of $150.09 billion, a PE ratio of 42.69, a PEG ratio of 2.53 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 (NYSE:SPGI) last posted its quarterly earnings results 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. The company 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.21 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current 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.