Aristotle Atlantic Partners LLC Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Aristotle Atlantic Partners LLC lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,734 shares of the business services provider's stock after selling 2,312 shares during the quarter. S&P Global accounts for about 1.3% of Aristotle Atlantic Partners LLC's portfolio, making the stock its 21st largest holding. Aristotle Atlantic Partners LLC's holdings in S&P Global were worth $42,698,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after purchasing an additional 116,208 shares during the period. Norges Bank acquired a new stake in S&P Global during the fourth quarter valued at $1,725,084,000. Northern Trust Corp grew its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after buying an additional 525,347 shares during the period. Amundi increased its holdings in S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of S&P Global by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock worth $995,795,000 after acquiring an additional 62,770 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 0.1 %

Shares of SPGI traded down $0.42 during midday trading on Monday, reaching $506.20. The company had a trading volume of 993,830 shares, compared to its average volume of 1,224,222. S&P Global Inc. has a 1-year low of $419.49 and a 1-year high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $487.88 and a 200-day simple moving average of $501.72. The stock has a market cap of $155.25 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.

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

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Wells Fargo & Company upped their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.