S&P Global Inc. (NYSE:SPGI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 401,366 shares of the business services provider's stock after selling 8,876 shares during the period. Assenagon Asset Management S.A. owned 0.13% of S&P Global worth $199,892,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its stake in S&P Global by 13.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider's stock valued at $1,809,000 after acquiring an additional 487 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of S&P Global by 21.1% during the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider's stock worth $300,000 after purchasing an additional 117 shares during the last quarter. Angeles Investment Advisors LLC purchased a new stake in shares of S&P Global during the second quarter worth approximately $206,000. Dimensional Fund Advisors LP lifted its holdings in shares of S&P Global by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider's stock worth $350,483,000 after purchasing an additional 53,188 shares during the period. Finally, WealthPLAN Partners LLC grew its position in S&P Global by 5.4% in the 2nd quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider's stock valued at $3,399,000 after buying an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock traded up $12.53 during mid-day trading on Wednesday, reaching $497.00. The stock had a trading volume of 1,904,232 shares, compared to its average volume of 1,411,914. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. 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 business has a 50-day simple moving average of $504.46 and a 200 day simple moving average of $500.38. The company has a market cap of $154.22 billion, a P/E ratio of 43.87, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) 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 the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPGI. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $583.62.

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.