Lmcg Investments LLC Sells 1,320 Shares of S&P Global Inc. (NYSE:SPGI)

Lmcg Investments LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 6.0% in the fourth quarter, Holdings Channel reports. The firm owned 20,725 shares of the business services provider’s stock after selling 1,320 shares during the period. Lmcg Investments LLC’s holdings in S&P Global were worth $10,322,000 as of its most recent SEC filing.

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

S&P Global Stock Down 0.7 %

Shares of SPGI opened at $501.70 on Tuesday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $504.75 and a two-hundred day simple moving average of $501.49. The company has a market capitalization of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the business earned $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts forecast that S&P Global Inc. will post 15.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock 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 company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price 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.