CCLA Investment Management Cuts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

CCLA Investment Management cut its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,432 shares of the business services provider's stock after selling 7,510 shares during the period. S&P Global makes up about 2.5% of CCLA Investment Management's portfolio, making the stock its 6th biggest holding. CCLA Investment Management owned approximately 0.10% of S&P Global worth $154,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Community Trust & Investment Co. increased its stake in shares of S&P Global by 2.5% in the 4th quarter. Community Trust & Investment Co. now owns 26,750 shares of the business services provider's stock valued at $13,322,000 after purchasing an additional 648 shares during the last quarter. Pines Wealth Management LLC bought a new position in shares of S&P Global in the 4th quarter valued at $239,000. SeaCrest Wealth Management LLC increased its stake in shares of S&P Global by 6.6% in the 4th quarter. SeaCrest Wealth Management LLC now owns 1,109 shares of the business services provider's stock valued at $552,000 after purchasing an additional 69 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of S&P Global by 20.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 145 shares of the business services provider's stock valued at $72,000 after purchasing an additional 25 shares during the last quarter. Finally, AAFMAA Wealth Management & Trust LLC increased its stake in shares of S&P Global by 3.8% in the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 3,724 shares of the business services provider's stock valued at $1,855,000 after purchasing an additional 137 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 2.6 %

Shares of SPGI stock traded up $12.53 on Wednesday, hitting $497.00. The company had a trading volume of 1,904,232 shares, compared to its average volume of 1,411,914. The firm has a market cap of $154.22 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.53 and a beta of 1.20. The stock's 50-day moving average is $504.46 and its two-hundred day moving average is $500.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

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, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 earnings per share. The business's quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Finally, Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $583.62.

S&P Global Company 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.