S&P Global Inc. (NYSE:SPGI) Stock Holdings Lowered by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,841 shares of the business services provider's stock after selling 1,456 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in S&P Global were worth $11,376,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. raised its stake in S&P Global by 77.1% during 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 institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James downgraded S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. 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 research note on Friday, October 25th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $583.62.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $12.53 during trading on Wednesday, reaching $497.00. The company had a trading volume of 1,904,232 shares, compared to its average volume of 1,410,856. The firm's fifty day moving average is $504.46 and its 200 day moving average is $500.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $154.22 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.53 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 - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.21 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.24 EPS for the current year.

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.