B.O.S.S. Retirement Advisors LLC Has $2.42 Million Stake in S&P Global Inc. (NYSE:SPGI)

B.O.S.S. Retirement Advisors LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 53.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,861 shares of the business services provider’s stock after selling 5,532 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in S&P Global were worth $2,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SPGI. International Assets Investment Management LLC lifted its holdings in shares of S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of S&P Global in the third quarter worth about $224,976,000. FMR LLC lifted its holdings in shares of S&P Global by 6.6% in 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 last quarter. Wellington Management Group LLP lifted its holdings in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. Morgan Stanley raised their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wells Fargo & Company reduced 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 report on Friday, January 10th. Finally, Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Trading Up 0.0 %

NYSE SPGI opened at $513.64 on Friday. The stock has a market capitalization of $159.38 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business’s fifty day moving average is $505.03 and its 200-day moving average is $502.79.

S&P Global (NYSE:SPGI) last released its 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. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 EPS. Equities research analysts predict that S&P Global Inc. will post 15.33 EPS for the current year.

S&P Global 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.