Central Bank & Trust Co. Sells 1,039 Shares of S&P Global Inc. $SPGI

Central Bank & Trust Co. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,611 shares of the business services provider’s stock after selling 1,039 shares during the period. S&P Global accounts for 1.2% of Central Bank & Trust Co.’s holdings, making the stock its 24th biggest position. Central Bank & Trust Co.’s holdings in S&P Global were worth $7,598,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of S&P Global by 4.1% during the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares during the period. Divergent Planning LLC acquired a new stake in S&P Global during the 2nd quarter valued at $303,000. Vanguard Group Inc. boosted its position in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the period. Ninety One UK Ltd increased its holdings in shares of S&P Global by 0.8% in the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after purchasing an additional 7,553 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on SPGI shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 target price on shares of S&P Global in a report on Tuesday. William Blair restated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Evercore ISI lifted their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Citigroup upped their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global Trading Up 1.0%

Shares of NYSE:SPGI opened at $512.03 on Friday. The business’s 50 day simple moving average is $492.40 and its 200 day simple moving average is $514.38. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $155.04 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.63 and a beta of 1.19.

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

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.