Romano Brothers AND Company Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

Romano Brothers AND Company cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 607 shares of the business services provider’s stock after selling 31 shares during the quarter. Romano Brothers AND Company’s holdings in S&P Global were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SPGI. McElhenny Sheffield Capital Management LLC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $544,000. Aaron Wealth Advisors LLC raised its stake in shares of S&P Global by 1.4% in the fourth quarter. Aaron Wealth Advisors LLC now owns 3,221 shares of the business services provider’s stock valued at $1,604,000 after buying an additional 43 shares during the period. BNC Wealth Management LLC raised its stake in shares of S&P Global by 10.8% in the fourth quarter. BNC Wealth Management LLC now owns 8,636 shares of the business services provider’s stock valued at $4,301,000 after buying an additional 842 shares during the period. Bowman & Co S.C. lifted its position in shares of S&P Global by 13.1% during the 4th quarter. Bowman & Co S.C. now owns 2,600 shares of the business services provider’s stock valued at $1,298,000 after buying an additional 302 shares during the last quarter. Finally, Moss Adams Wealth Advisors LLC grew its stake in shares of S&P Global by 9.4% during the 4th quarter. Moss Adams Wealth Advisors LLC now owns 895 shares of the business services provider’s stock worth $446,000 after acquiring an additional 77 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Down 0.7 %

Shares of S&P Global stock opened at $501.70 on Monday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month 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. The company’s 50 day moving average is $504.75 and its 200 day moving average is $501.13. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates 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 was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 earnings per share. Research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. BMO Capital Markets dropped their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target 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.