Kestra Investment Management LLC Sells 1,280 Shares of S&P Global Inc. $SPGI

Kestra Investment Management LLC cut its position in S&P Global Inc. (NYSE:SPGI) by 52.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the business services provider’s stock after selling 1,280 shares during the period. Kestra Investment Management LLC’s holdings in S&P Global were worth $600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its stake in S&P Global by 3.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 37,592 shares of the business services provider’s stock worth $19,101,000 after purchasing an additional 1,264 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in S&P Global by 73.7% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 15,555 shares of the business services provider’s stock valued at $7,903,000 after buying an additional 6,602 shares in the last quarter. Algert Global LLC grew its holdings in S&P Global by 7.5% during the 1st quarter. Algert Global LLC now owns 3,420 shares of the business services provider’s stock valued at $1,738,000 after buying an additional 240 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of S&P Global by 29.4% during the first quarter. Brooklyn Investment Group now owns 3,308 shares of the business services provider’s stock valued at $1,680,000 after buying an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on SPGI shares. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 8th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus target price of $613.00.

S&P Global Stock Down 0.4%

NYSE SPGI opened at $499.23 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $490.57 and a two-hundred day moving average of $514.57. The firm has a market capitalization of $151.17 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.60 and a beta of 1.19. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $1.87 billion for the quarter. On average, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

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.