S&P Global Inc. (NYSE:SPGI) Shares Sold by Rothschild & Co Wealth Management UK Ltd

Rothschild & Co Wealth Management UK Ltd lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 19.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,012,898 shares of the business services provider’s stock after selling 247,186 shares during the period. S&P Global makes up 8.9% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 6th biggest holding. Rothschild & Co Wealth Management UK Ltd’s holdings in S&P Global were worth $504,454,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPGI. Thrivent Financial for Lutherans raised its position in S&P Global by 2.3% during the second quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock valued at $6,553,000 after acquiring an additional 331 shares in the last quarter. Evergreen Capital Management LLC raised its position in S&P Global by 10.2% during the second quarter. Evergreen Capital Management LLC now owns 2,752 shares of the business services provider’s stock valued at $1,227,000 after acquiring an additional 254 shares in the last quarter. Mill Creek Capital Advisors LLC raised its position in S&P Global by 28.0% during the second quarter. Mill Creek Capital Advisors LLC now owns 968 shares of the business services provider’s stock valued at $432,000 after acquiring an additional 212 shares in the last quarter. Insigneo Advisory Services LLC raised its position in S&P Global by 19.0% during the second quarter. Insigneo Advisory Services LLC now owns 1,863 shares of the business services provider’s stock valued at $879,000 after acquiring an additional 297 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI raised its position in S&P Global by 170.5% during the second quarter. Zurich Insurance Group Ltd FI now owns 98,938 shares of the business services provider’s stock valued at $44,126,000 after acquiring an additional 62,360 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of S&P Global stock opened at $510.64 on Thursday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The business’s fifty day simple moving average is $504.76 and its 200-day simple moving average is $502.26. The firm has a market cap of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The company has a quick ratio of 0.94, a current 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 EPS 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts forecast that S&P Global Inc. will post 15.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SPGI. Stifel Nicolaus lifted their price target 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. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Robert W. Baird boosted 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. Citigroup initiated coverage on 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. Finally, JPMorgan Chase & Co. cut their price objective on 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $584.54.

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.