CFS Investment Advisory Services LLC Cuts Stake in S&P Global Inc. (NYSE:SPGI)

CFS Investment Advisory Services LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,484 shares of the business services provider’s stock after selling 47 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in S&P Global were worth $3,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its holdings in shares of S&P Global by 2.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock worth $6,553,000 after acquiring an additional 331 shares during the period. AQR Capital Management LLC grew its holdings in S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after buying an additional 8,315 shares in the last quarter. APG Asset Management N.V. increased its position in shares of S&P Global by 221.1% during the second quarter. APG Asset Management N.V. now owns 39,209 shares of the business services provider’s stock valued at $16,317,000 after buying an additional 27,000 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in shares of S&P Global in the second quarter worth about $364,000. Finally, Dark Forest Capital Management LP bought a new position in shares of S&P Global in the second quarter valued at approximately $534,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on SPGI shares. Wells Fargo & Company decreased their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

SPGI opened at $513.64 on Friday. The firm’s 50-day moving average price is $505.03 and its 200 day moving average price is $502.79. The firm has a market capitalization of $159.38 billion, a PE ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) 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 the consensus estimate 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 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. As a group, sell-side analysts expect that S&P Global Inc. will post 15.33 EPS for the current fiscal year.

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.