Canoe Financial LP Trims Holdings in S&P Global Inc. $SPGI

Canoe Financial LP trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 74,384 shares of the business services provider’s stock after selling 4,800 shares during the quarter. Canoe Financial LP’s holdings in S&P Global were worth $36,203,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. BSW Wealth Partners lifted its holdings in shares of S&P Global by 4.6% in the third quarter. BSW Wealth Partners now owns 1,908 shares of the business services provider’s stock worth $929,000 after buying an additional 84 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its stake in S&P Global by 2.9% during the third quarter. Blue Zone Wealth Advisors LLC now owns 12,931 shares of the business services provider’s stock valued at $6,294,000 after acquiring an additional 365 shares in the last quarter. Whitener Capital Management Inc. grew its stake in S&P Global by 2.5% during the third quarter. Whitener Capital Management Inc. now owns 4,613 shares of the business services provider’s stock valued at $2,245,000 after acquiring an additional 111 shares in the last quarter. Alpine Woods Capital Investors LLC increased its holdings in S&P Global by 10.4% during the 3rd quarter. Alpine Woods Capital Investors LLC now owns 1,408 shares of the business services provider’s stock worth $685,000 after acquiring an additional 133 shares during the period. Finally, Norden Group LLC lifted its stake in S&P Global by 7.4% in the 3rd quarter. Norden Group LLC now owns 1,323 shares of the business services provider’s stock worth $644,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on SPGI. William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Evercore ISI increased their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $614.93.

S&P Global Stock Performance

NYSE SPGI opened at $525.44 on Friday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a fifty day moving average of $495.94 and a 200-day moving average of $514.63. The company has a market capitalization of $159.10 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.73 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

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

S&P Global Company Profile

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.