S&P Global Inc. (NYSE:SPGI) Short Interest Down 16.0% in December

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

S&P Global Stock Up 1.7 %

Shares of NYSE SPGI traded up $8.43 during trading on Thursday, reaching $504.95. The company had a trading volume of 1,215,774 shares, compared to its average volume of 1,399,137. The business’s 50-day moving average is $504.61 and its 200 day moving average is $500.36. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $156.69 billion, a PE ratio of 44.57, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 the consensus estimate 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 for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.21 EPS. As a group, equities analysts forecast that S&P Global will post 15.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPGI. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

Institutional Trading of S&P Global

Institutional investors have recently added to or reduced their stakes in the business. Nordea Investment Management AB lifted its holdings in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares in the last quarter. GDS Wealth Management raised its position 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 worth $14,134,000 after buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC lifted its stake 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 valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in shares of S&P Global during the 3rd quarter valued at about $27,170,000. Finally, Pinnacle Financial Partners Inc grew its stake in shares of S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after acquiring an additional 1,806 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

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.