S&P Global Inc. (NYSE:SPGI – Get Free Report) saw a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 3,320,000 shares, a decline of 19.2% from the November 30th total of 4,110,000 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 2.8 days.
Hedge Funds Weigh In On S&P Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter valued at $27,000. Sachetta LLC lifted its position in S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services purchased a new stake in S&P Global in the third quarter valued at $29,000. Finally, Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.
Wall Street Analysts Forecast Growth
SPGI has been the topic of several research reports. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barclays boosted their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. 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, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $575.14.
S&P Global Stock Down 0.6 %
Shares of S&P Global stock traded down $2.98 on Friday, reaching $501.80. The stock had a trading volume of 671,687 shares, compared to its average volume of 1,213,105. 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 stock has a market capitalization of $155.71 billion, a P/E ratio of 44.29, a P/E/G ratio of 2.53 and a beta of 1.19. The company has a 50 day moving average price of $504.76 and a 200 day moving average price of $495.99. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the firm earned $3.21 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global will post 15.24 EPS for the current year.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
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