Vantage Investment Partners LLC Lowers Position in S&P Global Inc. (NYSE:SPGI)

Vantage Investment Partners LLC reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,527 shares of the business services provider’s stock after selling 287 shares during the period. Vantage Investment Partners LLC’s holdings in S&P Global were worth $6,737,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its holdings in 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 valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management lifted its stake in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC increased its position in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the third quarter worth $27,170,000. Finally, Eastern Bank lifted its position in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $520.75 on Tuesday. The firm has a market cap of $161.59 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 2.36 and a beta of 1.20. The stock has a 50 day moving average of $505.03 and a 200-day moving average of $503.35. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

Wall Street Analyst Weigh In

Several research firms have issued reports on SPGI. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group lifted their target price 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. Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.