Dixon Mitchell Investment Counsel Inc. Lowers Position in S&P Global Inc. (NYSE:SPGI)

Dixon Mitchell Investment Counsel Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 16,081 shares of the business services provider’s stock after selling 134 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in S&P Global were worth $8,009,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Family Offices LLP grew its stake in S&P Global by 6.0% in the 4th quarter. Heritage Family Offices LLP now owns 1,112 shares of the business services provider’s stock valued at $554,000 after buying an additional 63 shares in the last quarter. Flywheel Private Wealth LLC purchased a new position in shares of S&P Global in the fourth quarter valued at $219,000. RMR Wealth Builders raised its stake in shares of S&P Global by 6.6% during the 4th quarter. RMR Wealth Builders now owns 3,060 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 189 shares during the period. USA Financial Formulas purchased a new stake in S&P Global during the 4th quarter worth about $180,000. Finally, ERn Financial LLC boosted its stake in S&P Global by 3.6% in the 4th quarter. ERn Financial LLC now owns 1,766 shares of the business services provider’s stock worth $879,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPGI. Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Trading Down 1.2 %

NYSE:SPGI opened at $490.41 on Thursday. 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 company has a 50-day moving average price of $504.46 and a 200-day moving average price of $500.38. The stock has a market cap of $152.17 billion, a price-to-earnings ratio of 43.28, a P/E/G ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 15.25 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.