First National Bank of Mount Dora Trust Investment Services Reduces Position in S&P Global Inc. (NYSE:SPGI)

First National Bank of Mount Dora Trust Investment Services lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,955 shares of the business services provider’s stock after selling 155 shares during the quarter. S&P Global accounts for about 1.5% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 21st biggest position. First National Bank of Mount Dora Trust Investment Services’ holdings in S&P Global were worth $6,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the topic of several analyst reports. BMO Capital Markets lowered their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

Shares of SPGI stock opened at $501.70 on Friday. The stock has a fifty day moving average price of $504.77 and a 200 day moving average price of $500.39. The stock has a market cap of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. 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 (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm posted $3.21 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

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.