Central Bank & Trust Co. Cuts Position in S&P Global Inc. (NYSE:SPGI)

Central Bank & Trust Co. cut its holdings in S&P Global Inc. (NYSE:SPGI) by 11.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,613 shares of the business services provider’s stock after selling 2,456 shares during the period. S&P Global comprises approximately 1.5% of Central Bank & Trust Co.’s portfolio, making the stock its 18th biggest holding. Central Bank & Trust Co.’s holdings in S&P Global were worth $9,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HWG Holdings LP purchased a new stake in shares of S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global during the third quarter valued at about $27,000. First Personal Financial Services purchased a new stake in S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global in the third quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. raised its position 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 worth $32,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus raised their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Evercore ISI initiated coverage on 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 S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Down 0.7 %

SPGI opened at $501.70 on Tuesday. The firm has a market capitalization of $155.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company 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.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 15.25 earnings per share 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.