Ameriprise Financial Inc. Sells 138,925 Shares of S&P Global Inc. (NYSE:SPGI)

Ameriprise Financial Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,838,806 shares of the business services provider's stock after selling 138,925 shares during the period. Ameriprise Financial Inc. owned about 0.59% of S&P Global worth $909,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new stake in S&P Global during the 4th quarter worth approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. increased its holdings in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Finally, Sound Income Strategies LLC raised its position in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company raised their price target on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday. Robert W. Baird reduced their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday. UBS Group lifted their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Stock Performance

SPGI opened at $506.52 on Friday. The company has a market cap of $155.35 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 2.41 and a beta of 1.23. The company's fifty day moving average price is $488.33 and its two-hundred day moving average price is $501.96. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

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.

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