Meyer Handelman Co. Decreases Position in S&P Global Inc. (NYSE:SPGI)

Meyer Handelman Co. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,630 shares of the business services provider's stock after selling 855 shares during the quarter. Meyer Handelman Co.'s holdings in S&P Global were worth $1,808,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SPGI. S.E.E.D. Planning Group LLC bought a new position in shares of S&P Global during the fourth quarter worth $458,000. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of S&P Global by 78.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,734 shares of the business services provider's stock valued at $2,358,000 after purchasing an additional 2,074 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of S&P Global by 21.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,232 shares of the business services provider's stock valued at $6,590,000 after purchasing an additional 2,310 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of S&P Global by 8.0% in the fourth quarter. Kathmere Capital Management LLC now owns 1,233 shares of the business services provider's stock worth $614,000 after purchasing an additional 91 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in shares of S&P Global in the fourth quarter worth about $100,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 2.6 %

SPGI traded up $12.53 during trading on Wednesday, hitting $497.00. 1,185,820 shares of the stock were exchanged, compared to its average volume of 1,306,448. 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 50 day simple moving average of $504.46 and a 200 day simple moving average of $500.38. The firm has a market cap of $154.22 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 earnings per share. S&P Global's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

Analyst Ratings Changes

SPGI has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price for the company. Raymond James cut shares of S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Finally, UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a 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 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.