Bristol John W & Co. Inc. NY cut its stake in S&P Global Inc (NYSE:SPGI) by 0.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,487 shares of the business services provider’s stock after selling 2,402 shares during the quarter. S&P Global accounts for about 2.3% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 19th largest holding. Bristol John W & Co. Inc. NY owned 0.16% of S&P Global worth $82,006,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Lunia Capital LP grew its position in S&P Global by 31,814.2% during the fourth quarter. Lunia Capital LP now owns 19,336,793 shares of the business services provider’s stock valued at $19,337,000 after buying an additional 19,276,203 shares during the period. Matthew Goff Investment Advisor LLC grew its position in S&P Global by 2,325.0% during the third quarter. Matthew Goff Investment Advisor LLC now owns 11,894,019 shares of the business services provider’s stock valued at $490,475,000 after buying an additional 11,403,544 shares during the period. Oregon Public Employees Retirement Fund grew its position in S&P Global by 7,358.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock valued at $32,000 after buying an additional 5,345,720 shares during the period. Norges Bank bought a new position in shares of S&P Global in the fourth quarter worth approximately $391,635,000. Finally, Capital World Investors bought a new position in shares of S&P Global in the third quarter worth approximately $269,016,000. Hedge funds and other institutional investors own 84.45% of the company’s stock.
A number of research firms have weighed in on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. UBS Group upped their price target on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 9th. Raymond James boosted their target price on shares of S&P Global from $209.00 to $226.00 and gave the stock an “outperform” rating in a report on Tuesday, April 9th. Piper Jaffray Companies boosted their target price on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Finally, ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. S&P Global currently has an average rating of “Buy” and an average price target of $212.18.
SPGI stock opened at $217.88 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $222.00. The firm has a market cap of $53.62 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 1.39 and a beta of 1.16.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.01). The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 earnings per share. As a group, analysts anticipate that S&P Global Inc will post 9.03 EPS for the current fiscal year.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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