Heritage Wealth Management Inc. Texas Sells 50 Shares of S&P Global Inc. (NYSE:SPGI)

Heritage Wealth Management Inc. Texas lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,214 shares of the business services provider’s stock after selling 50 shares during the period. S&P Global makes up about 0.4% of Heritage Wealth Management Inc. Texas’ investment portfolio, making the stock its 19th largest position. Heritage Wealth Management Inc. Texas’ holdings in S&P Global were worth $605,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPGI. Brighton Jones LLC lifted its holdings 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 acquiring an additional 143 shares during the last quarter. Trust Co. of Oklahoma lifted its stake in shares of S&P Global by 4.2% in the 4th quarter. Trust Co. of Oklahoma now owns 2,844 shares of the business services provider’s stock valued at $1,416,000 after purchasing an additional 114 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of S&P Global in the 4th quarter worth approximately $692,000. Teamwork Financial Advisors LLC increased its position in shares of S&P Global by 21.3% during the 4th quarter. Teamwork Financial Advisors LLC now owns 7,235 shares of the business services provider’s stock valued at $3,603,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its holdings in S&P Global by 9.9% during the 4th quarter. Independent Wealth Network Inc. now owns 554 shares of the business services provider’s stock valued at $276,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on SPGI. JPMorgan Chase & Co. dropped their price objective 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. Morgan Stanley increased their price objective 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. Robert W. Baird boosted 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. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

NYSE SPGI opened at $513.36 on Friday. The company has a market cap of $159.30 billion, a PE ratio of 45.31, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s 50 day moving average price is $504.77 and its 200-day moving average price is $502.32. 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 52-week low of $407.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. Sell-side analysts forecast that S&P Global Inc. will post 15.33 EPS for the current fiscal year.

S&P Global 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.