Professional Advisory Services Inc. Trims Position in S&P Global Inc. (NYSE:SPGI)

Professional Advisory Services Inc. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,690 shares of the business services provider’s stock after selling 131 shares during the quarter. S&P Global makes up 2.0% of Professional Advisory Services Inc.’s portfolio, making the stock its 29th largest position. Professional Advisory Services Inc.’s holdings in S&P Global were worth $14,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in SPGI. First National Corp MA ADV raised its stake in shares of S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. increased its holdings in S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. increased its holdings in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the period. Headinvest LLC raised its position in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Finally, EWA LLC lifted its holdings in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.7 %

Shares of SPGI stock opened at $501.70 on Friday. The stock’s fifty day moving average price is $504.77 and its 200 day moving average price is $500.39. 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 1-year low of $407.69 and a 1-year high of $533.29. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 earnings per share. On average, research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Robert W. Baird upped 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 report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets lowered their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

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.