D.B. Root & Company LLC Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

D.B. Root & Company LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 517 shares of the business services provider’s stock after selling 27 shares during the quarter. D.B. Root & Company LLC’s holdings in S&P Global were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HWG Holdings LP purchased a new stake in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets boosted their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.1 %

SPGI stock opened at $510.64 on Thursday. The stock has a market cap of $158.45 billion, a PE ratio of 45.07, a price-to-earnings-growth ratio of 2.35 and a beta of 1.20. The firm’s 50-day simple moving average is $504.77 and its 200 day simple moving average is $502.32. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 earnings per share. As a group, sell-side analysts predict that S&P Global Inc. will post 15.31 EPS for the current year.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.