T. Rowe Price Investment Management Inc. Has $1.29 Million Holdings in S&P Global Inc. (NYSE:SPGI)

T. Rowe Price Investment Management Inc. lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 72.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,598 shares of the business services provider's stock after selling 6,685 shares during the quarter. T. Rowe Price Investment Management Inc.'s holdings in S&P Global were worth $1,294,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its holdings in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after acquiring an additional 225,370 shares in the last quarter. Eastern Bank increased its position in shares of S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in S&P Global in the third quarter valued at $27,170,000. Finally, American Trust raised its stake in shares of S&P Global by 76.2% in the 3rd quarter. American Trust now owns 2,518 shares of the business services provider's stock valued at $1,301,000 after purchasing an additional 1,089 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group upped their price target 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. JPMorgan Chase & Co. decreased their target price 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. Finally, Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday. Two equities research 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 price target of $592.71.

S&P Global Stock Down 0.1 %

Shares of S&P Global stock traded down $0.56 on Thursday, hitting $499.49. 1,577,315 shares of the company traded hands, compared to its average volume of 1,228,655. S&P Global Inc. has a 12-month low of $408.84 and a 12-month high of $545.39. The company has a 50-day moving average price of $489.55 and a 200 day moving average price of $502.49. 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 company has a market cap of $156.76 billion, a PE ratio of 40.44, a PEG ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $4.01 earnings per share. The business's quarterly revenue was up 8.2% on a year-over-year basis. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current 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.