S&P Global Inc. $SPGI Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.8% in the third quarter, Holdings Channel reports. The institutional investor owned 49,179 shares of the business services provider’s stock after selling 7,895 shares during the quarter. Marathon Asset Management Ltd’s holdings in S&P Global were worth $23,935,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of 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 valued at $1,582,000 after purchasing an additional 143 shares during the last quarter. CreativeOne Wealth LLC raised its holdings in S&P Global by 20.0% in the 1st quarter. CreativeOne Wealth LLC now owns 1,771 shares of the business services provider’s stock valued at $900,000 after buying an additional 295 shares during the period. Trexquant Investment LP acquired a new position in S&P Global in the first quarter valued at about $1,043,000. State of Wyoming boosted its stake in S&P Global by 138.3% during the first quarter. State of Wyoming now owns 622 shares of the business services provider’s stock worth $316,000 after buying an additional 361 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of S&P Global during the first quarter valued at about $212,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

Shares of NYSE SPGI opened at $529.41 on Monday. The stock has a market cap of $160.30 billion, a P/E ratio of 38.50, a PEG ratio of 2.75 and a beta of 1.19. The business’s fifty day simple moving average is $497.05 and its 200-day simple moving average is $514.74. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. 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 (NYSE:SPGI) last released 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 during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Stifel Nicolaus decreased their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Citigroup lifted their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 22nd. Finally, Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $614.93.

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.