Hennion & Walsh Asset Management Inc. Sells 226 Shares of S&P Global Inc. (NYSE:SPGI)

Hennion & Walsh Asset Management Inc. lessened its stake in S&P Global Inc. (NYSE:SPGI) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,796 shares of the business services provider’s stock after selling 226 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in S&P Global were worth $7,369,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Oppenheimer & Co. Inc. increased its position in shares of S&P Global by 13.6% in the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock valued at $1,809,000 after acquiring an additional 487 shares during the period. Moors & Cabot Inc. increased its holdings in S&P Global by 12.4% during the 2nd quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock valued at $1,035,000 after purchasing an additional 256 shares during the period. Edgestream Partners L.P. increased its holdings in S&P Global by 45.7% during the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 563 shares during the period. Axxcess Wealth Management LLC raised its position in S&P Global by 28.3% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $1,177,000 after purchasing an additional 582 shares during the last quarter. Finally, Financial & Tax Architects LLC lifted its holdings in S&P Global by 5.5% in the 2nd quarter. Financial & Tax Architects LLC now owns 14,540 shares of the business services provider’s stock worth $6,485,000 after buying an additional 752 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Down 1.2 %

NYSE:SPGI opened at $490.41 on Thursday. 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 has a market cap of $152.17 billion, a P/E ratio of 43.28, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The firm has a 50-day simple moving average of $504.46 and a two-hundred day simple moving average of $500.38.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 EPS. Analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus 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.