Rockland Trust Co. Has $3.40 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Rockland Trust Co. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 74.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,822 shares of the business services provider's stock after selling 19,878 shares during the period. Rockland Trust Co.'s holdings in S&P Global were worth $3,398,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Oppenheimer & Co. Inc. lifted its position in S&P Global by 13.6% during the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider's stock worth $1,809,000 after acquiring an additional 487 shares during the last quarter. Wealthspire Advisors LLC lifted its holdings in S&P Global by 21.1% during the 2nd 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 bought a new stake in S&P Global in the 2nd quarter valued at $206,000. Dimensional Fund Advisors LP grew its holdings in S&P Global by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider's stock valued at $350,483,000 after buying an additional 53,188 shares in the last quarter. Finally, WealthPLAN Partners LLC increased its position in S&P Global by 5.4% during the 2nd quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider's stock worth $3,399,000 after buying an additional 392 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 recently commented on the stock. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price for the company. BMO Capital Markets reduced their price target on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Finally, Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Two research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $583.62.

S&P Global Trading Up 2.6 %

Shares of SPGI traded up $12.53 during trading hours on Wednesday, hitting $497.00. 1,904,232 shares of the stock were exchanged, compared to its average volume of 1,411,914. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The business has a 50-day moving average of $504.46 and a 200-day moving average of $500.38.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly 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 business's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $3.21 EPS. On average, research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

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.