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

Ballentine Partners LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,710 shares of the business services provider’s stock after selling 20 shares during the period. Ballentine Partners LLC’s holdings in S&P Global were worth $3,342,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter valued at $31,000. HWG Holdings LP acquired a new stake in S&P Global during the 2nd quarter valued at $27,000. Finally, Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% during the 3rd 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 during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Morgan Stanley raised 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. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. decreased their price target 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. Finally, Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two 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, the company presently has an average rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Stock Down 0.7 %

Shares of S&P Global stock opened at $501.70 on Tuesday. 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 stock has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.30 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The business’s 50 day simple moving average is $504.75 and its 200-day simple moving average is $501.49.

S&P Global (NYSE:SPGI) last announced its earnings results 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. 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 the consensus estimate of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 15.3 earnings per share for the current 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.