Rappaport Reiches Capital Management LLC Has $217,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Rappaport Reiches Capital Management LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 11.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435 shares of the business services provider’s stock after selling 57 shares during the period. Rappaport Reiches Capital Management LLC’s holdings in S&P Global were worth $217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. First National Corp MA ADV lifted its stake in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its stake in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the period. Trust Point Inc. raised its stake in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after buying an additional 20 shares during the period. Headinvest LLC lifted its position in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares during the last quarter. Finally, EWA LLC boosted its stake in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research analyst reports. Morgan Stanley increased their price target 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. BMO Capital Markets raised their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Stifel Nicolaus increased their price target 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, JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Up 0.5 %

Shares of SPGI stock opened at $513.36 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a market cap of $159.30 billion, a PE ratio of 45.31, a P/E/G ratio of 2.36 and a beta of 1.20. The stock’s fifty day moving average price is $504.77 and its two-hundred day moving average price is $502.32.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.21 earnings per share. Equities analysts predict that S&P Global Inc. will post 15.33 EPS for the current fiscal 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.