Campbell Newman Asset Management Inc. Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Campbell Newman Asset Management Inc. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,841 shares of the business services provider’s stock after selling 1,456 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in S&P Global were worth $11,376,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of SPGI. Wellington Management Group LLP raised its position in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of 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 worth $3,332,016,000 after buying an additional 113,146 shares during the last quarter. FMR LLC grew its holdings in shares of S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Legal & General Group Plc increased its position in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $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 lifted its holdings in S&P Global by 1.1% in 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 valued at $1,401,909,000 after acquiring an additional 28,458 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SPGI. Morgan Stanley increased their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer lowered their target price on 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. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Trading Up 1.6 %

SPGI stock traded up $7.70 during midday trading on Wednesday, reaching $492.17. 187,278 shares of the company traded hands, compared to its average volume of 1,216,930. The firm has a market capitalization of $152.72 billion, a price-to-earnings ratio of 43.44, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The business has a 50 day moving average of $504.46 and a 200-day moving average of $500.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. S&P Global’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal 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.