S&P Global Inc. (NYSE:SPGI) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 361 shares of the business services provider’s stock after selling 92 shares during the period. Eagle Bay Advisors LLC’s holdings in S&P Global were worth $180,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. HWG Holdings LP acquired a new position in S&P Global during the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. raised its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on SPGI. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets dropped their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, 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 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Down 0.7 %

SPGI traded down $3.49 on Monday, reaching $479.23. 367,848 shares of the company traded hands, compared to its average volume of 1,162,728. The company has a market cap of $148.71 billion, a price-to-earnings ratio of 42.30, a PEG 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. The stock’s 50 day moving average price is $504.66 and its 200-day moving average price is $499.88. 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 quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 EPS. On average, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

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.