Beacon Pointe Advisors LLC Sells 1,296 Shares of S&P Global Inc. (NYSE:SPGI)

Beacon Pointe Advisors LLC cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,551 shares of the business services provider's stock after selling 1,296 shares during the period. Beacon Pointe Advisors LLC's holdings in S&P Global were worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. Howard Capital Management Group LLC boosted its stake in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after acquiring an additional 28 shares during the period. Virtu Financial LLC bought a new position in S&P Global in the 3rd quarter worth approximately $1,753,000. SkyView Investment Advisors LLC boosted its stake in S&P Global by 2.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 119 shares during the period. Fulcrum Equity Management purchased a new stake in S&P Global during the 3rd quarter valued at approximately $200,000. Finally, Pine Valley Investments Ltd Liability Co raised its position in shares of S&P Global by 2.2% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,102 shares of the business services provider's stock valued at $5,736,000 after buying an additional 235 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of several research analyst reports. BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, 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. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $591.86.

S&P Global Stock Up 2.6 %

Shares of NYSE:SPGI opened at $491.79 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day simple moving average of $490.21 and a two-hundred day simple moving average of $502.51. S&P Global Inc. has a 1 year low of $408.84 and a 1 year high of $545.39. The firm has a market capitalization of $154.34 billion, a PE ratio of 39.82, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

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

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.

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