PineStone Asset Management Inc. Has $293.43 Million Holdings in S&P Global Inc. $SPGI

PineStone Asset Management Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 602,868 shares of the business services provider’s stock after selling 15,575 shares during the quarter. S&P Global makes up approximately 1.8% of PineStone Asset Management Inc.’s holdings, making the stock its 19th biggest holding. PineStone Asset Management Inc. owned about 0.20% of S&P Global worth $293,431,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. The Goldman Sachs Group reissued a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Trading Up 0.7%

SPGI opened at $529.41 on Friday. The stock has a market capitalization of $160.30 billion, a P/E ratio of 38.50, a P/E/G ratio of 2.75 and a beta of 1.19. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm’s fifty day simple moving average is $497.05 and its 200 day simple moving average is $514.73.

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