Aquatic Capital Management LLC Sells 8,255 Shares of S&P Global Inc. (NYSE:SPGI)

Aquatic Capital Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 35.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,785 shares of the business services provider's stock after selling 8,255 shares during the period. Aquatic Capital Management LLC's holdings in S&P Global were worth $7,363,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in S&P Global by 1.8% in 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 buying an additional 116,208 shares during the last quarter. Norges Bank purchased a new stake in shares of S&P Global in the 4th quarter valued at $1,725,084,000. Amundi grew its holdings in shares of S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after purchasing an additional 62,770 shares during the last quarter. Finally, Cantillon Capital Management LLC raised its position in S&P Global by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock worth $930,725,000 after purchasing an additional 9,880 shares during the period. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI stock traded down $0.56 on Thursday, hitting $499.49. The company had a trading volume of 1,577,315 shares, compared to its average volume of 1,228,631. The stock has a market cap of $156.76 billion, a price-to-earnings ratio of 40.44, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $489.55 and its 200 day simple moving average is $502.49. S&P Global Inc. has a 12-month low of $408.84 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.33% and a net margin of 27.12%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPGI. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. 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. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

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.