S&P Global Inc. (NYSE:SPGI) Shares Sold by Sterling Investment Management LLC

Sterling Investment Management LLC trimmed its position in S&P Global Inc. (NYSE:SPGI) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,380 shares of the business services provider’s stock after selling 70 shares during the period. S&P Global makes up about 2.1% of Sterling Investment Management LLC’s holdings, making the stock its 14th biggest position. Sterling Investment Management LLC’s holdings in S&P Global were worth $2,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Thrivent Financial for Lutherans lifted its stake in shares of S&P Global by 2.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock valued at $6,553,000 after purchasing an additional 331 shares during the period. Evergreen Capital Management LLC increased its holdings in S&P Global by 10.2% in the second quarter. Evergreen Capital Management LLC now owns 2,752 shares of the business services provider’s stock valued at $1,227,000 after buying an additional 254 shares in the last quarter. Lombard Odier Asset Management Europe Ltd acquired a new stake in shares of S&P Global during the 2nd quarter valued at approximately $1,561,000. Marshall Wace LLP boosted its stake in shares of S&P Global by 32.5% during the 2nd quarter. Marshall Wace LLP now owns 389,308 shares of the business services provider’s stock worth $173,631,000 after acquiring an additional 95,401 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC boosted its stake in shares of S&P Global by 28.0% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 968 shares of the business services provider’s stock worth $432,000 after acquiring an additional 212 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. Morgan Stanley lifted their price target on 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 boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Wells Fargo & Company cut their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. cut their target price 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, BMO Capital Markets boosted their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

SPGI opened at $509.79 on Wednesday. The firm has a market cap of $158.19 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. 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 company’s 50-day moving average price is $504.64 and its 200 day moving average price is $501.86.

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, beating 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 firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm posted $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global Inc. will post 15.3 earnings per share for the current 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.