S&P Global Inc. (NYSE:SPGI) Short Interest Update

S&P Global Inc. (NYSE:SPGI) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 2,790,000 shares, a drop of 16.0% from the December 15th total of 3,320,000 shares. Based on an average daily volume of 1,220,000 shares, the days-to-cover ratio is currently 2.3 days.

S&P Global Trading Up 1.7 %

SPGI stock opened at $504.95 on Friday. S&P Global has a one year low of $407.69 and a one year high of $533.29. The stock has a market cap of $156.69 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The company has a fifty day moving average price of $504.61 and a two-hundred day moving average price of $500.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 EPS. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that S&P Global will post 15.25 EPS for the current year.

Hedge Funds Weigh In On S&P Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of S&P Global by 13.6% during the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock worth $1,809,000 after buying an additional 487 shares in the last quarter. Moors & Cabot Inc. raised its stake in S&P Global by 12.4% in the 2nd quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 256 shares in the last quarter. Edgestream Partners L.P. boosted its holdings in S&P Global by 45.7% in the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 563 shares during the period. Axxcess Wealth Management LLC grew its position in shares of S&P Global by 28.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock worth $1,177,000 after purchasing an additional 582 shares in the last quarter. Finally, Financial & Tax Architects LLC raised its position in shares of S&P Global by 5.5% in the second quarter. Financial & Tax Architects LLC now owns 14,540 shares of the business services provider’s stock valued at $6,485,000 after buying an additional 752 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 weighed in on SPGI shares. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Evercore ISI began coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $583.62.

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.