S&P Global Inc. (NYSE:SPGI) is Clio Asset Management LLC’s 9th Largest Position

Clio Asset Management LLC reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,939 shares of the business services provider’s stock after selling 334 shares during the period. S&P Global accounts for about 5.1% of Clio Asset Management LLC’s investment portfolio, making the stock its 9th largest position. Clio Asset Management LLC’s holdings in S&P Global were worth $6,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in S&P Global during the third quarter valued at about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth approximately $31,000. HWG Holdings LP purchased a new position in S&P Global in the second quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. Wells Fargo & Company decreased their price target 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. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. 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 raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Trading Up 0.0 %

Shares of SPGI stock opened at $513.64 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $505.03 and a 200 day simple moving average of $503.35. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market capitalization of $159.38 billion, a P/E ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 15.33 earnings per share for the current fiscal 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.