Swedbank AB Lowers Position in S&P Global Inc. $SPGI

Swedbank AB lessened its stake in S&P Global Inc. (NYSE:SPGI) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 921,626 shares of the business services provider’s stock after selling 20,400 shares during the quarter. Swedbank AB owned approximately 0.30% of S&P Global worth $448,565,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the 2nd quarter valued at $26,000. MTM Investment Management LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. eCIO Inc. purchased a new position in S&P Global during the first quarter worth about $32,000. Finally, Activest Wealth Management grew its position in S&P Global by 3,250.0% in the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock worth $34,000 after purchasing an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPGI. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research report on Monday. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $614.93.

S&P Global Trading Up 0.6%

NYSE:SPGI opened at $525.17 on Wednesday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock’s fifty day moving average price is $494.02 and its two-hundred day moving average price is $514.47. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $159.02 billion, a P/E ratio of 38.19, a P/E/G ratio of 2.71 and a beta of 1.19.

S&P Global (NYSE:SPGI) last released 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%. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

About S&P Global

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.