S&P Global Inc. (NYSE:SPGI) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB lowered its stake in S&P Global Inc. (NYSE:SPGI) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,942 shares of the business services provider’s stock after selling 292 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in S&P Global were worth $6,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. HWG Holdings LP purchased a new stake in shares of S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the third quarter valued at $27,000. First Personal Financial Services acquired a new stake in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.7 %

Shares of SPGI stock opened at $501.70 on Monday. The stock has a market cap of $155.68 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The business has a fifty day simple moving average of $504.75 and a 200-day simple moving average of $501.13.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SPGI. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. 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. Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.