Sunflower Bank N.A. Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Sunflower Bank N.A. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,708 shares of the business services provider’s stock after acquiring an additional 45 shares during the quarter. Sunflower Bank N.A.’s holdings in S&P Global were worth $851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of SPGI. Nordea Investment Management AB raised its position 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 purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management raised its holdings 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 buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in shares of 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 buying an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global during the third quarter valued at approximately $27,170,000. Finally, Pinnacle Financial Partners Inc increased its position in shares of S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after acquiring an additional 1,806 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock traded down $0.56 during trading hours on Monday, reaching $482.16. 1,408,140 shares of the company traded hands, compared to its average volume of 1,306,041. The firm has a 50-day moving average price of $504.66 and a 200 day moving average price of $499.88. The company has a market cap of $149.61 billion, a P/E ratio of 42.56, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. 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 for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during 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 was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SPGI shares. Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

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.