S&P Global Inc. $SPGI Stock Holdings Trimmed by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 48.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,786 shares of the business services provider’s stock after selling 1,709 shares during the quarter. Forefront Wealth Partners LLC’s holdings in S&P Global were worth $869,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in S&P Global during the second quarter worth $2,188,945,000. Valeo Financial Advisors LLC raised its holdings in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares during the period. TCI Fund Management Ltd. lifted its position in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in shares of S&P Global in the 2nd quarter worth about $310,348,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SPGI shares. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Evercore ISI upped their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus cut their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Mizuho boosted their price objective on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and an average target price of $614.93.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $527.06 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a market cap of $159.59 billion, a PE ratio of 38.33, a P/E/G ratio of 2.75 and a beta of 1.19. The stock has a 50 day simple moving average of $498.96 and a 200-day simple moving average of $515.09. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

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 return on equity of 15.90% and a net margin of 28.10%.The firm had revenue of $1.87 billion for the quarter. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current 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.