Absoluto Partners Gestao de Recursos Ltda Has $2.06 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Absoluto Partners Gestao de Recursos Ltda lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,140 shares of the business services provider's stock after selling 1,148 shares during the quarter. S&P Global comprises about 1.9% of Absoluto Partners Gestao de Recursos Ltda's investment portfolio, making the stock its 13th largest position. Absoluto Partners Gestao de Recursos Ltda's holdings in S&P Global were worth $2,062,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SPGI. Accredited Wealth Management LLC bought a new position in S&P Global in the 4th quarter worth approximately $87,000. Alaethes Wealth LLC bought a new stake in shares of S&P Global during the fourth quarter worth $2,029,000. Gallagher Fiduciary Advisors LLC lifted its stake in shares of S&P Global by 19.6% during the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 1,007 shares of the business services provider's stock valued at $501,000 after acquiring an additional 165 shares during the period. Itau Unibanco Holding S.A. acquired a new position in shares of S&P Global during the fourth quarter valued at $2,844,000. Finally, Keel Point LLC boosted its holdings in S&P Global by 10.4% in the fourth quarter. Keel Point LLC now owns 1,514 shares of the business services provider's stock valued at $754,000 after acquiring an additional 143 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $0.42 during trading on Monday, reaching $506.20. 993,830 shares of the company traded hands, compared to its average volume of 1,224,222. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The firm has a market capitalization of $155.25 billion, a PE ratio of 40.99, a PEG ratio of 2.41 and a beta of 1.23. The company's 50 day moving average is $487.88 and its two-hundred day moving average is $501.72.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.01 EPS. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have weighed in on SPGI shares. Robert W. Baird dropped their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group increased their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

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.