SeaTown Holdings Pte. Ltd. Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

SeaTown Holdings Pte. Ltd. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,690 shares of the business services provider’s stock after selling 3,695 shares during the quarter. S&P Global comprises 6.7% of SeaTown Holdings Pte. Ltd.’s portfolio, making the stock its 7th largest holding. SeaTown Holdings Pte. Ltd.’s holdings in S&P Global were worth $9,806,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter valued at approximately $27,000. First Personal Financial Services acquired a new stake in S&P Global in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.7 %

Shares of NYSE SPGI opened at $501.70 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The firm’s 50-day moving average is $504.75 and its 200-day moving average is $500.78. 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) last announced its quarterly earnings data 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $3.21 earnings per share. Equities analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SPGI shares. Oppenheimer lowered their price objective on shares of 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. Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird raised their price objective 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. Wells Fargo & Company decreased their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average 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.