Solidarity Wealth LLC Reduces Holdings in S&P Global Inc. (NYSE:SPGI)

Solidarity Wealth LLC reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,026 shares of the business services provider’s stock after selling 100 shares during the quarter. Solidarity Wealth LLC’s holdings in S&P Global were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SPGI. Pacer Advisors Inc. grew its holdings in shares of S&P Global by 25.9% during the second quarter. Pacer Advisors Inc. now owns 27,577 shares of the business services provider’s stock worth $12,299,000 after buying an additional 5,677 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of S&P Global by 2.3% during the second quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock worth $6,553,000 after buying an additional 331 shares in the last quarter. Cyrus J. Lawrence LLC grew its holdings in shares of S&P Global by 0.8% during the second quarter. Cyrus J. Lawrence LLC now owns 21,501 shares of the business services provider’s stock worth $9,589,000 after buying an additional 167 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of S&P Global by 7.3% during the second quarter. Public Sector Pension Investment Board now owns 54,314 shares of the business services provider’s stock worth $24,224,000 after buying an additional 3,706 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of S&P Global by 10.2% during the second quarter. Evergreen Capital Management LLC now owns 2,752 shares of the business services provider’s stock worth $1,227,000 after buying an additional 254 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.7 %

NYSE SPGI opened at $501.70 on Tuesday. The stock has a market cap of $155.68 billion, a P/E ratio of 44.28, a PEG ratio of 2.30 and a beta of 1.20. The company’s fifty day simple moving average is $504.75 and its 200-day simple moving average is $501.49. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $3.21 earnings per share. Equities research analysts predict that S&P Global Inc. will post 15.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPGI shares. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global 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.