Mountain Pacific Investment Advisers LLC Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Mountain Pacific Investment Advisers LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,819 shares of the business services provider’s stock after selling 614 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in S&P Global were worth $8,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. HWG Holdings LP purchased a new position in shares of S&P Global in the second quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the third quarter worth about $27,000. First Personal Financial Services purchased a new position in S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global during the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% during 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. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $501.70 on Tuesday. The business has a fifty day moving average price of $504.75 and a 200-day moving average price of $501.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $155.68 billion, a PE ratio of 44.28, a PEG 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business 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%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $3.21 EPS. As a group, equities analysts expect that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. BMO Capital Markets decreased 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. Morgan Stanley lifted 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. Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

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.