Rothschild & Co Wealth Management UK Ltd Has $504.45 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Rothschild & Co Wealth Management UK Ltd cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,012,898 shares of the business services provider’s stock after selling 247,186 shares during the quarter. S&P Global makes up approximately 8.9% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 6th biggest position. Rothschild & Co Wealth Management UK Ltd owned about 0.33% of S&P Global worth $504,454,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nordea Investment Management AB boosted its stake in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the period. GDS Wealth Management boosted its position in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of S&P Global during the 3rd quarter valued at approximately $27,170,000. Finally, Eastern Bank boosted its position in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

Shares of S&P Global stock opened at $510.64 on Thursday. The firm has a market cap of $158.45 billion, a P/E ratio of 45.07, a P/E/G ratio of 2.35 and a beta of 1.20. 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 12 month low of $407.69 and a 12 month high of $533.29. The stock’s fifty day moving average price is $504.76 and its 200-day moving average price is $502.26.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on SPGI. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

About S&P Global

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.