Court Place Advisors LLC Has $8.62 Million Position in S&P Global Inc. (NYSE:SPGI)

Court Place Advisors LLC cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,307 shares of the business services provider’s stock after selling 588 shares during the quarter. S&P Global comprises about 2.8% of Court Place Advisors LLC’s holdings, making the stock its 8th largest position. Court Place Advisors LLC’s holdings in S&P Global were worth $8,620,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global in the third quarter worth $224,976,000. FMR LLC grew its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new stake in S&P Global in the fourth quarter valued at $144,091,000. Finally, Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several research reports. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Up 1.4 %

NYSE:SPGI opened at $520.75 on Tuesday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm has a 50-day moving average price of $505.03 and a two-hundred day moving average price of $503.35. The firm has a market cap of $161.59 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. 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 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.