S&P Global Inc. (NYSE:SPGI) Shares Sold by Eagle Bay Advisors LLC

Eagle Bay Advisors LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 20.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 361 shares of the business services provider’s stock after selling 92 shares during the quarter. Eagle Bay Advisors LLC’s holdings in S&P Global were worth $180,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $202,000. Brookstone Capital Management acquired a new position in shares of S&P Global in the 4th quarter valued at $272,000. Fiduciary Alliance LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $392,000. Threadgill Financial LLC boosted its holdings in shares of S&P Global by 40.1% in the 4th quarter. Threadgill Financial LLC now owns 2,342 shares of the business services provider’s stock valued at $1,166,000 after purchasing an additional 670 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of S&P Global by 19.4% in the 4th quarter. Aprio Wealth Management LLC now owns 1,257 shares of the business services provider’s stock valued at $626,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPGI shares. Morgan Stanley raised their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. BMO Capital Markets cut their target price on shares of 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. 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, Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Down 0.7 %

Shares of SPGI traded down $3.49 during midday trading on Monday, hitting $479.23. The company had a trading volume of 367,848 shares, compared to its average volume of 1,162,728. The company’s 50 day moving average price is $504.66 and its 200 day moving average price is $499.88. The stock has a market cap of $148.71 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week 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.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 EPS. On average, equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global 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.