Certified Advisory Corp Has $3.15 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Certified Advisory Corp cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 6,314 shares of the business services provider’s stock after selling 26 shares during the period. Certified Advisory Corp’s holdings in S&P Global were worth $3,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SPGI. Nordea Investment Management AB grew its stake in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the period. GDS Wealth Management raised its stake in shares of S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in S&P Global during the third quarter worth $27,170,000. Finally, Pinnacle Financial Partners Inc grew its position in shares of S&P Global by 3.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after acquiring an additional 1,806 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

Shares of SPGI stock opened at $504.95 on Friday. The firm has a market capitalization of $156.69 billion, a PE ratio of 44.57, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a 50 day moving average price of $504.61 and a 200-day moving average price of $500.36. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’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 earnings per share. As a group, equities research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.