SeaTown Holdings Pte. Ltd. decreased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,690 shares of the business services provider's stock after selling 3,695 shares during the period. S&P Global accounts for about 6.7% of SeaTown Holdings Pte. Ltd.'s investment portfolio, making the stock its 7th biggest position. SeaTown Holdings Pte. Ltd.'s holdings in S&P Global were worth $9,806,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Wellington Management Group LLP raised its stake in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Geode Capital Management LLC raised its position in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after acquiring an additional 113,146 shares in the last quarter. FMR LLC lifted its stake in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Legal & General Group Plc boosted its position in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock valued at $1,260,665,000 after purchasing an additional 29,227 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after purchasing an additional 28,458 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
S&P Global Stock Performance
SPGI traded down $3.46 during trading on Friday, reaching $501.70. 1,723,897 shares of the company's stock were exchanged, compared to its average volume of 1,055,581. The company's fifty day simple moving average is $504.75 and its 200-day simple moving average is $501.13. The stock has a market capitalization of $155.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.22 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 1 year low of $407.69 and a 1 year high of $533.29.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. S&P Global's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SPGI. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company lowered their target price on shares of 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. Robert W. Baird upped their price target 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. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, BMO Capital Markets decreased their price target on S&P Global from $589.00 to $564.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $583.62.
Check Out Our Latest Stock Report on S&P Global
S&P Global Profile
(
Free Report)
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.
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