PFG Investments LLC Sells 20 Shares of S&P Global Inc. (NYSE:SPGI)

PFG Investments LLC lowered its holdings in S&P Global Inc. (NYSE:SPGI) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,030 shares of the business services provider’s stock after selling 20 shares during the quarter. PFG Investments LLC’s holdings in S&P Global were worth $2,007,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares in the last quarter. GDS Wealth Management lifted its position in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of S&P Global during the third quarter valued at approximately $27,170,000. Finally, Eastern Bank increased its holdings in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.4 %

SPGI opened at $520.75 on Tuesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market cap of $161.59 billion, a PE 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. The firm’s fifty day moving average is $505.03 and its two-hundred day moving average is $503.35.

Analyst Ratings Changes

A number of brokerages have commented on SPGI. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.