Hengehold Capital Management LLC Sells 51 Shares of S&P Global Inc. (NYSE:SPGI)

Hengehold Capital Management LLC cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.5% in the 4th quarter, HoldingsChannel reports. The firm owned 486 shares of the business services provider’s stock after selling 51 shares during the quarter. Hengehold Capital Management LLC’s holdings in S&P Global were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% in the 3rd 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.

S&P Global Trading Up 0.5 %

SPGI stock opened at $513.36 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The business has a 50 day simple moving average of $504.77 and a two-hundred day simple moving average of $502.32. The company has a market capitalization of $159.30 billion, a price-to-earnings ratio of 45.31, a PEG ratio of 2.36 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 earnings per share. Research analysts anticipate that S&P Global Inc. will post 15.33 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on SPGI shares. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. 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 report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently 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.