NN Investment Partners Holdings N.V. cut its position in S&P Global Inc. (NYSE:SPGI) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 9,846 shares of the company’s stock after selling 100 shares during the period. NN Investment Partners Holdings N.V.’s holdings in S&P Global were worth $1,059,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC raised its position in S&P Global by 219.1% in the third quarter. Global X Management Co. LLC now owns 986 shares of the company’s stock valued at $125,000 after buying an additional 677 shares in the last quarter. Robecosam AG purchased a new stake in shares of S&P Global during the third quarter valued at $125,000. IMS Capital Management purchased a new stake in shares of S&P Global during the third quarter valued at $139,000. Quadrant Capital Group LLC purchased a new stake in shares of S&P Global during the second quarter valued at $146,000. Finally, Meeder Asset Management Inc. purchased a new stake in shares of S&P Global during the second quarter valued at $147,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Inc. (NYSE:SPGI) traded up 1.210% during midday trading on Wednesday, hitting $118.335. 240,794 shares of the stock traded hands. The firm’s 50-day moving average is $112.73 and its 200-day moving average is $119.54. The company has a market cap of $30.66 billion, a price-to-earnings ratio of 17.451 and a beta of 1.45. S&P Global Inc. has a 52-week low of $78.55 and a 52-week high of $128.40.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, November 3rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. S&P Global had a net margin of 32.24% and a return on equity of 378.19%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post $5.27 EPS for the current year.
Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $130.00 price target for the company in a research report on Tuesday, December 6th. Credit Suisse Group reissued an “outperform” rating and set a $131.00 price target on shares of S&P Global in a research report on Sunday, November 20th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $131.14.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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