S&P Global Inc. (NYSE:SPGI) Shares Sold by Ballentine Partners LLC

Ballentine Partners LLC trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,710 shares of the business services provider’s stock after selling 20 shares during the quarter. Ballentine Partners LLC’s holdings in S&P Global were worth $3,342,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nordea Investment Management AB boosted its stake in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. GDS Wealth Management increased its stake in S&P Global by 7.0% in the 3rd 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 in the last quarter. Sanctuary Advisors LLC lifted its stake in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the third quarter worth about $27,170,000. Finally, Eastern Bank boosted its stake in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. BMO Capital Markets reduced their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird boosted their target price 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. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Price Performance

Shares of S&P Global stock opened at $501.70 on Tuesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $155.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20. The firm’s 50-day simple moving average is $504.75 and its 200-day simple moving average is $501.49.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 15.3 EPS for the current fiscal year.

About S&P Global

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.