Yousif Capital Management LLC Sells 2,888 Shares of S&P Global Inc. $SPGI

Yousif Capital Management LLC trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,713 shares of the business services provider’s stock after selling 2,888 shares during the period. Yousif Capital Management LLC’s holdings in S&P Global were worth $25,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in shares of S&P Global by 18.6% during the third quarter. Farther Finance Advisors LLC now owns 5,283 shares of the business services provider’s stock valued at $2,571,000 after purchasing an additional 828 shares in the last quarter. HBK Sorce Advisory LLC raised its stake in S&P Global by 28.7% in the third quarter. HBK Sorce Advisory LLC now owns 3,783 shares of the business services provider’s stock worth $1,825,000 after buying an additional 843 shares in the last quarter. OFI Invest Asset Management lifted its holdings in S&P Global by 0.5% during the third quarter. OFI Invest Asset Management now owns 27,818 shares of the business services provider’s stock worth $13,539,000 after buying an additional 127 shares during the period. Exchange Traded Concepts LLC lifted its holdings in S&P Global by 1,882.0% during the third quarter. Exchange Traded Concepts LLC now owns 3,845 shares of the business services provider’s stock worth $1,871,000 after buying an additional 3,651 shares during the period. Finally, S.E.E.D. Planning Group LLC boosted its position in S&P Global by 62.7% during the 3rd quarter. S.E.E.D. Planning Group LLC now owns 4,428 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 1,706 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.8%

Shares of NYSE:SPGI opened at $521.81 on Tuesday. The business’s 50-day moving average is $493.25 and its 200 day moving average is $514.44. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a market capitalization of $158.00 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.66 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

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

Wall Street Analysts Forecast Growth

SPGI has been the subject of several recent research reports. BMO Capital Markets set a $546.00 price target on S&P Global in a research report on Friday, November 14th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Stifel Nicolaus decreased their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Finally, Evercore ISI raised their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $614.93.

S&P Global Company 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.