Mattern Wealth Management LLC Sells 148 Shares of S&P Global Inc. (NYSE:SPGI)

Mattern Wealth Management LLC decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,274 shares of the business services provider’s stock after selling 148 shares during the quarter. Mattern Wealth Management LLC’s holdings in S&P Global were worth $634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of S&P Global by 35.3% during the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after acquiring an additional 8,315 shares in the last quarter. Ascent Group LLC grew its holdings in S&P Global by 8.2% in the second quarter. Ascent Group LLC now owns 5,746 shares of the business services provider’s stock worth $2,563,000 after purchasing an additional 436 shares during the last quarter. Copperwynd Financial LLC acquired a new position in shares of S&P Global during the second quarter worth $237,000. Creative Planning lifted its holdings in shares of S&P Global by 7.3% during the 2nd quarter. Creative Planning now owns 45,648 shares of the business services provider’s stock valued at $20,359,000 after purchasing an additional 3,092 shares during the last quarter. Finally, Magnolia Capital Advisors LLC grew its stake in S&P Global by 201.8% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 6,178 shares of the business services provider’s stock worth $2,755,000 after buying an additional 4,131 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $520.75 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $161.59 billion, a PE ratio of 45.96, a P/E/G ratio of 2.36 and a beta of 1.20. The stock has a fifty day moving average price of $505.03 and a 200 day moving average price of $503.35. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Company 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.