S&P Global Inc. (NYSE:SPGI) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,040 shares of the business services provider’s stock after selling 91 shares during the period. Fulton Bank N.A.’s holdings in S&P Global were worth $518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in SPGI. HWG Holdings LP acquired a new position in shares of S&P Global in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its stake in shares of S&P Global by 77.1% in 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 period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI opened at $495.82 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market capitalization of $153.85 billion, a PE ratio of 43.76, a PEG ratio of 2.53 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. The firm’s 50-day moving average price is $504.66 and its 200 day moving average price is $498.90.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average target price of $583.85.

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.