Chesley Taft & Associates LLC Sells 35 Shares of S&P Global Inc. (NYSE:SPGI)

Chesley Taft & Associates LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,820 shares of the business services provider’s stock after selling 35 shares during the quarter. Chesley Taft & Associates LLC’s holdings in S&P Global were worth $5,887,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services bought a new stake in S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of 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 valued at $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SPGI shares. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Trading Down 0.7 %

S&P Global stock opened at $501.70 on Tuesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20. The business’s fifty day simple moving average is $504.64 and its two-hundred day simple moving average is $501.86. 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 results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.21 EPS. As a group, equities analysts predict that S&P Global Inc. will post 15.3 earnings per share for the current fiscal year.

About S&P Global

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.