S&P Global Inc. (NYSE:SPGI) Holdings Lowered by D.B. Root & Company LLC

D.B. Root & Company LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 5.0% in the fourth quarter, HoldingsChannel reports. The fund owned 517 shares of the business services provider’s stock after selling 27 shares during the quarter. D.B. Root & Company LLC’s holdings in S&P Global were worth $257,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SPGI. HWG Holdings LP acquired a new stake in S&P Global in the second quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the third quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

NYSE SPGI opened at $510.64 on Thursday. 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 firm has a market capitalization of $158.45 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The company has a 50 day simple moving average of $504.77 and a 200-day simple moving average of $502.32. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. Equities research analysts predict that S&P Global Inc. will post 15.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. BMO Capital Markets increased their price objective on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Oppenheimer reduced their target price 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. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

About S&P Global

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.