Daymark Wealth Partners LLC Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Daymark Wealth Partners LLC cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,381 shares of the business services provider’s stock after selling 69 shares during the period. Daymark Wealth Partners LLC’s holdings in S&P Global were worth $1,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Thrivent Financial for Lutherans grew its stake in S&P Global by 2.3% during 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 acquiring an additional 331 shares in the last quarter. Evergreen Capital Management LLC grew its position in shares of S&P Global by 10.2% during 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 purchasing an additional 254 shares in the last quarter. Mill Creek Capital Advisors LLC increased its holdings in shares of S&P Global by 28.0% in the second quarter. Mill Creek Capital Advisors LLC now owns 968 shares of the business services provider’s stock worth $432,000 after purchasing an additional 212 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in S&P Global by 19.0% during the second quarter. Insigneo Advisory Services LLC now owns 1,863 shares of the business services provider’s stock valued at $879,000 after buying an additional 297 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI grew its holdings in S&P Global by 170.5% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 98,938 shares of the business services provider’s stock valued at $44,126,000 after buying an additional 62,360 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPGI. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company dropped their price objective 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. BMO Capital Markets upped 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 report on Tuesday. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

SPGI opened at $510.64 on Thursday. 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 business has a fifty day moving average of $504.76 and a 200 day moving average of $502.26. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market cap of $158.45 billion, a P/E ratio of 45.07, a PEG ratio of 2.35 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.43 billion. During the same period in the prior year, the business posted $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 anticipate that S&P Global Inc. will post 15.31 EPS 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.