Court Place Advisors LLC Sells 588 Shares of S&P Global Inc. (NYSE:SPGI)

Court Place Advisors LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,307 shares of the business services provider’s stock after selling 588 shares during the quarter. S&P Global accounts for approximately 2.8% of Court Place Advisors LLC’s investment portfolio, making the stock its 8th biggest position. Court Place Advisors LLC’s holdings in S&P Global were worth $8,620,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. AQR Capital Management LLC lifted its position in shares of S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after acquiring an additional 8,315 shares during the period. Ascent Group LLC raised its stake in S&P Global by 8.2% in the second quarter. Ascent Group LLC now owns 5,746 shares of the business services provider’s stock valued at $2,563,000 after purchasing an additional 436 shares in the last quarter. Copperwynd Financial LLC bought a new stake in S&P Global during the second quarter worth about $237,000. Creative Planning increased its holdings in S&P Global by 7.3% in the 2nd quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock valued at $20,359,000 after buying an additional 3,092 shares during the period. Finally, Magnolia Capital Advisors LLC raised its position in shares of S&P Global by 201.8% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 6,178 shares of the business services provider’s stock valued at $2,755,000 after buying an additional 4,131 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. Morgan Stanley increased their price target 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. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

SPGI stock opened at $520.75 on Tuesday. The company has a market capitalization of $161.59 billion, a P/E ratio of 45.96, a PEG ratio of 2.36 and a beta of 1.20. The company has a fifty day moving average price of $505.03 and a 200-day moving average price of $503.35. 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 52-week low of $407.69 and a 52-week high of $533.29.

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.