Confluence Investment Management LLC Sells 2,470 Shares of S&P Global Inc. (NYSE:SPGI)

Confluence Investment Management LLC decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,039 shares of the business services provider’s stock after selling 2,470 shares during the period. Confluence Investment Management LLC’s holdings in S&P Global were worth $76,218,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GDS Wealth Management grew its stake in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of S&P Global during the third quarter worth approximately $27,170,000. Sanctuary Advisors LLC lifted its holdings in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the last quarter. Pinnacle Financial Partners Inc boosted its stake in S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after purchasing an additional 1,806 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in S&P Global by 53.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock valued at $2,784,000 after buying an additional 1,936 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.0 %

Shares of NYSE:SPGI traded down $0.24 during mid-day trading on Thursday, reaching $497.79. 345,433 shares of the company’s stock were exchanged, compared to its average volume of 1,209,429. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $154.46 billion, a price-to-earnings ratio of 43.94, a PEG ratio of 2.53 and a beta of 1.19. The business’s fifty day moving average price is $503.69 and its 200-day moving average price is $496.88.

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. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.21 EPS. On average, research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have weighed in on SPGI. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Barclays increased their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $575.14.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.