Arthur M. Cohen & Associates LLC Cuts Stock Position in S&P Global Inc. (NYSE:SPGI)

Arthur M. Cohen & Associates LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 66.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 787 shares of the business services provider's stock after selling 1,554 shares during the quarter. Arthur M. Cohen & Associates LLC's holdings in S&P Global were worth $392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. First National Corp MA ADV increased its holdings in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock worth $1,211,000 after buying an additional 20 shares during the period. Kathleen S. Wright Associates Inc. lifted its position in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock valued at $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. boosted its holdings in S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock valued at $725,000 after purchasing an additional 20 shares during the last quarter. Headinvest LLC grew its position in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares during the period. Finally, EWA LLC raised its stake in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after buying an additional 20 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI traded down $3.46 during trading on Friday, reaching $501.70. The company's stock had a trading volume of 1,723,897 shares, compared to its average volume of 1,055,581. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. 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 has a fifty day simple moving average of $504.75 and a two-hundred day simple moving average of $501.13.

S&P Global (NYSE:SPGI - Get Free Report) last issued its 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. 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 the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 EPS. The company's revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on SPGI. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Raymond James lowered shares of S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Wells Fargo & Company lowered their price target 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. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $583.62.

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.