S&P Global Inc. $SPGI Holdings Decreased by HM Payson & Co.

HM Payson & Co. reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 1.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,708 shares of the business services provider’s stock after selling 1,622 shares during the period. HM Payson & Co.’s holdings in S&P Global were worth $60,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC lifted its position in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after buying an additional 143 shares in the last quarter. CreativeOne Wealth LLC boosted its position in S&P Global by 20.0% during the first quarter. CreativeOne Wealth LLC now owns 1,771 shares of the business services provider’s stock valued at $900,000 after purchasing an additional 295 shares during the last quarter. Trexquant Investment LP purchased a new position in S&P Global in the first quarter valued at about $1,043,000. State of Wyoming increased its position in S&P Global by 138.3% in the 1st quarter. State of Wyoming now owns 622 shares of the business services provider’s stock worth $316,000 after purchasing an additional 361 shares during the last quarter. Finally, Magnetar Financial LLC purchased a new stake in shares of S&P Global during the 1st quarter worth about $212,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 22nd. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research report on Tuesday, December 16th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $614.93.

S&P Global Price Performance

Shares of S&P Global stock opened at $529.41 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $497.05 and a 200-day simple moving average of $514.74. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of 38.50, a PEG 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.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share 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.