Pacer Advisors Inc. Sells 2,774 Shares of S&P Global Inc. $SPGI

Pacer Advisors Inc. decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 9.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 25,650 shares of the business services provider’s stock after selling 2,774 shares during the period. Pacer Advisors Inc.’s holdings in S&P Global were worth $12,484,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in S&P Global in the 2nd quarter valued at $2,188,945,000. Valeo Financial Advisors LLC grew its holdings in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after buying an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. increased its position in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after acquiring an additional 730,354 shares in the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in shares of S&P Global in the 2nd quarter worth about $310,348,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 22nd. Evercore ISI lifted their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Wells Fargo & Company increased their price target 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. Morgan Stanley increased their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two investment 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, S&P Global currently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Trading Up 0.7%

Shares of S&P Global stock opened at $529.41 on Friday. The firm has a market cap of $160.30 billion, a PE ratio of 38.50, a P/E/G 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 debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a fifty day moving average price of $497.05 and a 200-day moving average price of $514.73.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

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.