Bartlett & CO. Wealth Management LLC Sells 238 Shares of S&P Global Inc. (NYSE:SPGI)

Bartlett & CO. Wealth Management LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,577 shares of the business services provider’s stock after selling 238 shares during the period. Bartlett & CO. Wealth Management LLC’s holdings in S&P Global were worth $59,055,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HWG Holdings LP purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. raised its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. 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. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. decreased 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 research note on Friday, October 25th. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.1 %

SPGI stock opened at $510.64 on Thursday. The business’s 50-day moving average price is $504.76 and its 200-day moving average price is $502.26. The stock has a market cap of $158.45 billion, a P/E ratio of 45.07, a PEG ratio of 2.35 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.31 EPS for the current year.

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.