Grimes & Company Inc. Sells 27 Shares of S&P Global Inc. (NYSE:SPGI)

Grimes & Company Inc. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 535 shares of the business services provider’s stock after selling 27 shares during the period. Grimes & Company Inc.’s holdings in S&P Global were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. HWG Holdings LP bought a new stake in S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SPGI shares. UBS Group upped 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. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company reduced 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. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

NYSE:SPGI opened at $513.64 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $505.03 and its 200 day simple moving average is $503.09. The stock has a market cap of $159.38 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. 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, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the company earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, research analysts predict that S&P Global Inc. will post 15.33 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.