International Assets Investment Management LLC Has $444,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

International Assets Investment Management LLC trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 99.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 897 shares of the business services provider's stock after selling 466,127 shares during the period. International Assets Investment Management LLC's holdings in S&P Global were worth $444,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Park National Corp OH raised its stake in shares of S&P Global by 0.7% in the fourth quarter. Park National Corp OH now owns 57,316 shares of the business services provider's stock valued at $28,545,000 after acquiring an additional 393 shares during the last quarter. Northcape Capital Pty Ltd increased its holdings in S&P Global by 12.8% during the 4th quarter. Northcape Capital Pty Ltd now owns 7,068 shares of the business services provider's stock valued at $3,520,000 after purchasing an additional 801 shares in the last quarter. Bangor Savings Bank increased its holdings in S&P Global by 32.1% during the 4th quarter. Bangor Savings Bank now owns 107 shares of the business services provider's stock valued at $53,000 after purchasing an additional 26 shares in the last quarter. Nordea Investment Management AB raised its position in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in S&P Global by 15.5% in the fourth quarter. GAMMA Investing LLC now owns 3,502 shares of the business services provider's stock worth $1,744,000 after purchasing an additional 469 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 2.6 %

Shares of S&P Global stock traded down $12.69 during trading hours on Friday, reaching $483.17. 1,183,882 shares of the company's stock were exchanged, compared to its average volume of 1,293,159. 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 company has a 50 day moving average of $504.66 and a two-hundred day moving average of $499.88. The stock has a market cap of $149.93 billion, a P/E ratio of 42.65, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The company 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 quarter in the prior year, the firm posted $3.21 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target for the company. Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price for the company. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note 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 MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.