Beverly Hills Private Wealth LLC Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Beverly Hills Private Wealth LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,474 shares of the business services provider’s stock after selling 81 shares during the period. Beverly Hills Private Wealth LLC’s holdings in S&P Global were worth $1,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank purchased a new position in S&P Global in the 4th quarter worth approximately $1,725,084,000. Northern Trust Corp grew its holdings in S&P Global by 19.1% in the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock valued at $1,631,568,000 after buying an additional 525,347 shares in the last quarter. Amundi increased its position in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock worth $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock valued at $995,795,000 after buying an additional 62,770 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $506.52 on Friday. The company has a market capitalization of $155.35 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $488.33 and a 200 day moving average price of $501.96.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the business posted $4.01 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. Stifel Nicolaus lowered their price target on S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company boosted their price objective on S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $592.71.

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.