Rockland Trust Co. Sells 19,878 Shares of S&P Global Inc. (NYSE:SPGI)

Rockland Trust Co. cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 74.4% during the fourth quarter, HoldingsChannel reports. The firm owned 6,822 shares of the business services provider’s stock after selling 19,878 shares during the quarter. Rockland Trust Co.’s holdings in S&P Global were worth $3,398,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Oppenheimer & Co. Inc. lifted its holdings in shares of S&P Global by 13.6% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock worth $1,809,000 after acquiring an additional 487 shares during the last quarter. Wealthspire Advisors LLC raised its position in S&P Global by 21.1% in the 2nd quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock worth $300,000 after purchasing an additional 117 shares during the period. Angeles Investment Advisors LLC bought a new stake in S&P Global in the second quarter worth about $206,000. Dimensional Fund Advisors LP boosted its position in shares of S&P Global by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock valued at $350,483,000 after buying an additional 53,188 shares during the period. Finally, WealthPLAN Partners LLC grew its stake in shares of S&P Global by 5.4% during the second quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock valued at $3,399,000 after buying an additional 392 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.2 %

S&P Global stock opened at $483.68 on Wednesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The business has a fifty day moving average of $504.46 and a two-hundred day moving average of $500.38. The firm has a market cap of $150.09 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.53 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share. On average, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Wells Fargo & Company dropped their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $583.62.

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.