Everence Capital Management Inc. Sells 3,780 Shares of S&P Global Inc. (NYSE:SPGI)

Everence Capital Management Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 34.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,344 shares of the business services provider’s stock after selling 3,780 shares during the period. Everence Capital Management Inc.’s holdings in S&P Global were worth $3,658,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. First National Corp MA ADV boosted its stake in shares of S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after acquiring an additional 20 shares during the period. Kathleen S. Wright Associates Inc. lifted its holdings in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. boosted its stake in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the period. Headinvest LLC grew its holdings in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. Finally, EWA LLC raised its position in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SPGI shares. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Oppenheimer decreased 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. 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. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $574.43.

S&P Global Trading Up 0.5 %

Shares of SPGI stock traded up $2.67 during trading hours on Friday, reaching $498.17. 311,936 shares of the stock were exchanged, compared to its average volume of 897,487. The firm has a market capitalization of $154.58 billion, a price-to-earnings ratio of 43.97, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company’s 50-day moving average price is $503.74 and its 200-day moving average price is $496.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.