S&P Global Inc. (NYSE:SPGI) Short Interest Down 19.2% in December

S&P Global Inc. (NYSE:SPGI) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 3,320,000 shares, a decrease of 19.2% from the November 30th total of 4,110,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 2.8 days.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore ISI started coverage on shares of 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. BMO Capital Markets cut their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus boosted their price objective 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. Finally, UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $575.14.

S&P Global Price Performance

SPGI traded down $2.98 during trading on Friday, reaching $501.80. The company’s stock had a trading volume of 671,687 shares, compared to its average volume of 1,213,105. 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 firm has a fifty day simple moving average of $504.76 and a two-hundred day simple moving average of $495.99. The company has a market cap of $155.71 billion, a price-to-earnings ratio of 44.29, a PEG ratio of 2.53 and a beta of 1.19. S&P Global 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 data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts anticipate that S&P Global will post 15.24 EPS for the current year.

Hedge Funds Weigh In On S&P Global

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the period. Geode Capital Management LLC raised its holdings in S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after buying an additional 113,146 shares during the period. FMR LLC raised its stake in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the period. Legal & General Group Plc lifted its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after acquiring an additional 29,227 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.