Assenagon Asset Management S.A. Sells 8,876 Shares of S&P Global Inc. (NYSE:SPGI)

Assenagon Asset Management S.A. decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,366 shares of the business services provider’s stock after selling 8,876 shares during the period. Assenagon Asset Management S.A. owned approximately 0.13% of S&P Global worth $199,892,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in S&P Global by 13.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock valued at $1,809,000 after acquiring an additional 487 shares in the last quarter. Wealthspire Advisors LLC boosted its position in shares of S&P Global by 21.1% during the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock valued at $300,000 after purchasing an additional 117 shares in the last quarter. Angeles Investment Advisors LLC purchased a new stake in S&P Global in the second quarter worth $206,000. Dimensional Fund Advisors LP raised its holdings in S&P Global by 7.3% in the second quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock worth $350,483,000 after purchasing an additional 53,188 shares in the last quarter. Finally, WealthPLAN Partners LLC lifted its position in S&P Global by 5.4% during the second quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock valued at $3,399,000 after buying an additional 392 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $483.68 on Wednesday. The company’s 50-day simple moving average is $504.46 and its two-hundred day simple 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. The stock has a market capitalization of $150.09 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. Oppenheimer reduced their target price 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. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Morgan Stanley increased their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. 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 MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price 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.