Armstrong Advisory Group Inc. Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Armstrong Advisory Group Inc. lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 42.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65 shares of the business services provider’s stock after selling 47 shares during the period. Armstrong Advisory Group Inc.’s holdings in S&P Global were worth $32,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burney Co. grew its position in S&P Global by 34.1% during the fourth quarter. Burney Co. now owns 1,864 shares of the business services provider’s stock worth $928,000 after buying an additional 474 shares in the last quarter. Wolff Wiese Magana LLC boosted its position in shares of S&P Global by 8.3% during the 4th quarter. Wolff Wiese Magana LLC now owns 485 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 37 shares during the last quarter. S.E.E.D. Planning Group LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $458,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of S&P Global by 78.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,734 shares of the business services provider’s stock worth $2,358,000 after purchasing an additional 2,074 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in S&P Global by 21.1% in the fourth quarter. Park Avenue Securities LLC now owns 13,232 shares of the business services provider’s stock valued at $6,590,000 after purchasing an additional 2,310 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.7 %

Shares of SPGI opened at $504.95 on Friday. The stock has a market capitalization of $156.69 billion, a P/E ratio of 44.57, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. 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 firm has a fifty day simple moving average of $504.61 and a two-hundred day simple moving average of $500.36.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates 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 business posted $3.21 earnings per share. On average, research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on SPGI shares. BMO Capital Markets cut their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Evercore ISI started 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. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Robert W. Baird increased their price objective 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. Finally, Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.62.

About S&P Global

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.