Simon Quick Advisors LLC Sells 1,872 Shares of S&P Global Inc. $SPGI

Simon Quick Advisors LLC cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 77.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 537 shares of the business services provider’s stock after selling 1,872 shares during the quarter. Simon Quick Advisors LLC’s holdings in S&P Global were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the 2nd quarter worth approximately $26,000. MTM Investment Management LLC bought a new position in S&P Global during the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC raised its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the period. eCIO Inc. bought a new stake in shares of S&P Global in the 1st quarter valued at about $32,000. Finally, Spurstone Advisory Services LLC bought a new stake in S&P Global in the second quarter valued at approximately $34,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

SPGI opened at $512.69 on Monday. The firm has a market cap of $155.24 billion, a P/E ratio of 37.29, a PEG ratio of 2.40 and a beta of 1.21. 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 50 day simple moving average of $501.09 and a two-hundred day simple moving average of $515.44. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. BMO Capital Markets set a $546.00 target price on S&P Global in a report on Friday, November 14th. Mizuho upped their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $614.93.

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.