S&P Global Inc. (NYSE:SPGI) Position Cut by Stonehage Fleming Financial Services Holdings Ltd

Stonehage Fleming Financial Services Holdings Ltd lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 414,793 shares of the business services provider’s stock after selling 20,539 shares during the quarter. S&P Global makes up approximately 5.8% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 4th biggest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in S&P Global were worth $206,579,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First National Corp MA ADV grew its position 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 valued at $1,211,000 after acquiring an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in shares of S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. grew its holdings 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 purchasing an additional 20 shares during the last quarter. Headinvest LLC increased its stake in S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the period. Finally, EWA LLC increased its stake in 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 Price Performance

SPGI opened at $513.64 on Monday. The firm has a market capitalization of $159.38 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business’s 50-day moving average is $505.03 and its two-hundred day moving average is $503.09. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the business earned $3.21 EPS. Research analysts anticipate that S&P Global Inc. will post 15.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on SPGI. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets increased their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note 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 data from MarketBeat.com, S&P Global has a consensus 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.