Trust Co. of Vermont Sells 237 Shares of S&P Global Inc. (NYSE:SPGI)

Trust Co. of Vermont decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% in the 4th quarter, HoldingsChannel reports. The firm owned 6,029 shares of the business services provider’s stock after selling 237 shares during the period. Trust Co. of Vermont’s holdings in S&P Global were worth $3,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter valued at about $27,000. First Personal Financial Services acquired a new stake in S&P Global during the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company reduced their price target 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. Evercore ISI began coverage on shares of 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 boosted their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Down 0.7 %

S&P Global stock traded down $3.46 during mid-day trading on Friday, hitting $501.70. The company had a trading volume of 1,723,897 shares, compared to its average volume of 1,055,581. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $504.77 and its two-hundred day moving average price is $500.39. The company has a market capitalization of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal 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.