Brady Family Wealth LLC Sells 359 Shares of S&P Global Inc. (NYSE:SPGI)

Brady Family Wealth LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 4.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,213 shares of the business services provider’s stock after selling 359 shares during the quarter. Brady Family Wealth LLC’s holdings in S&P Global were worth $3,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP lifted its holdings in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Geode Capital Management LLC grew its stake in 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 acquiring an additional 113,146 shares in the last quarter. FMR LLC increased its position in shares of S&P Global by 6.6% during 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 raised its stake in shares of 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of 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 purchasing an additional 28,458 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 2.6 %

NYSE SPGI opened at $497.00 on Thursday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a 50 day moving average price of $504.46 and a 200 day moving average price of $500.38. 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 firm has a market cap of $154.22 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analysts Set New Price Targets

SPGI has been the topic of several research reports. Stifel Nicolaus raised 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. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

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.