Claro Advisors LLC Sells 349 Shares of S&P Global Inc. (NYSE:SPGI)

Claro Advisors LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,681 shares of the business services provider’s stock after selling 349 shares during the quarter. Claro Advisors LLC’s holdings in S&P Global were worth $837,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. First National Corp MA ADV boosted its position in S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. boosted its position in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. boosted its position in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the period. Headinvest LLC boosted its position in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the period. Finally, EWA LLC boosted its position in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.1 %

Shares of NYSE SPGI opened at $482.16 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $149.61 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a 50-day moving average price of $504.58 and a two-hundred day moving average price of $500.12.

S&P Global (NYSE:SPGI) last issued 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 during 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 earnings per share. As a group, analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. BMO Capital Markets reduced their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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.