S&P Global Inc. (NYSE:SPGI) Shares Sold by New Century Financial Group LLC

New Century Financial Group LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 790 shares of the business services provider’s stock after selling 170 shares during the quarter. New Century Financial Group LLC’s holdings in S&P Global were worth $395,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global in the 3rd quarter valued at about $224,976,000. FMR LLC grew its stake in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of 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 worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPGI. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. BMO Capital Markets lifted their price target 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. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two equities 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 an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Up 0.0 %

Shares of S&P Global stock opened at $513.64 on Friday. The stock has a market capitalization of $159.38 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve 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 business’s 50 day simple moving average is $504.82 and its 200-day simple moving average is $502.39.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 15.33 earnings per share for the current year.

About S&P Global

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.