S&P Global Inc. (NYSE:SPGI) Stock Position Lowered by CCLA Investment Management

CCLA Investment Management trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 310,432 shares of the business services provider’s stock after selling 7,510 shares during the period. S&P Global makes up 2.5% of CCLA Investment Management’s investment portfolio, making the stock its 6th biggest holding. CCLA Investment Management owned approximately 0.10% of S&P Global worth $154,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Oppenheimer & Co. Inc. lifted its holdings in shares of S&P Global by 13.6% in the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock worth $1,809,000 after buying an additional 487 shares in the last quarter. Wealthspire Advisors LLC increased its holdings in S&P Global by 21.1% during the 2nd quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock worth $300,000 after acquiring an additional 117 shares during the period. Angeles Investment Advisors LLC purchased a new stake in S&P Global in the 2nd quarter worth approximately $206,000. Dimensional Fund Advisors LP lifted its stake in S&P Global by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock worth $350,483,000 after purchasing an additional 53,188 shares in the last quarter. Finally, WealthPLAN Partners LLC boosted its holdings in S&P Global by 5.4% in the 2nd quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock valued at $3,399,000 after purchasing an additional 392 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $483.68 on Wednesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a 50-day moving average price of $504.46 and a 200-day moving average price of $500.38. The firm has a market cap of $150.09 billion, a PE ratio of 42.69, a P/E/G ratio of 2.53 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data 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 company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. BMO Capital Markets decreased their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company reduced their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $583.62.

S&P Global 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.