GoalVest Advisory LLC Trims Stock Position in S&P Global Inc. (NYSE:SPGI)

GoalVest Advisory LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 15.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 129 shares of the business services provider’s stock after selling 24 shares during the period. GoalVest Advisory LLC’s holdings in S&P Global were worth $64,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several research firms recently issued reports on SPGI. Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. dropped 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. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

S&P Global stock opened at $510.64 on Thursday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $504.76 and its 200 day moving average is $502.26. The company has a market cap of $158.45 billion, a price-to-earnings ratio of 45.07, a PEG ratio of 2.35 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.21 EPS. Sell-side analysts forecast that S&P Global Inc. will post 15.31 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.