S&P Global Inc. (NYSE:SPGI) Holdings Trimmed by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,427 shares of the business services provider’s stock after selling 1,076 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in S&P Global were worth $1,205,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. International Assets Investment Management LLC lifted its stake in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of S&P Global during the 3rd quarter valued at $224,976,000. FMR LLC lifted its stake in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in 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 worth $4,581,580,000 after buying an additional 292,436 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.6 %

Shares of SPGI stock opened at $509.79 on Wednesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a fifty day moving average price of $504.64 and a 200 day moving average price of $501.86. The stock has a market cap of $158.19 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post 15.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of analyst reports. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Stifel Nicolaus upped 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued 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 an average price target of $584.54.

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.