Price T Rowe Associates Inc. MD Sells 59,960 Shares of S&P Global Inc. (NYSE:SPGI)

Price T Rowe Associates Inc. MD reduced its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,332,430 shares of the business services provider's stock after selling 59,960 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.75% of S&P Global worth $1,161,621,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after acquiring an additional 20 shares in the last quarter. Anfield Capital Management LLC lifted its position in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after acquiring an additional 22 shares during the period. Invenio Wealth Partners LLC grew its holdings in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after purchasing an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in S&P Global by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock valued at $265,000 after purchasing an additional 23 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock traded up $12.99 during midday trading on Tuesday, reaching $492.36. 637,322 shares of the stock were exchanged, compared to its average volume of 1,222,519. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $154.52 billion, a PE ratio of 39.86, a PEG ratio of 2.41 and a beta of 1.26. The company's fifty day moving average is $491.09 and its 200-day moving average is $502.59.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $4.01 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SPGI shares. Mizuho initiated coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $591.86.

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.