S&P Global Inc. $SPGI Shares Sold by HM Payson & Co.

HM Payson & Co. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,708 shares of the business services provider’s stock after selling 1,622 shares during the period. HM Payson & Co.’s holdings in S&P Global were worth $60,210,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Vanguard Group Inc. raised its stake in shares of S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after purchasing an additional 315,916 shares in the last quarter. TCI Fund Management Ltd. boosted its holdings in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares during the period. Norges Bank acquired a new position in shares of S&P Global during the second quarter valued at approximately $2,188,945,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after purchasing an additional 114,843 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

NYSE:SPGI opened at $529.41 on Monday. The stock has a fifty day simple moving average of $497.05 and a 200 day simple moving average of $514.74. The firm has a market capitalization of $160.30 billion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company boosted their price target on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Morgan Stanley raised their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.