S&P Global Inc. (NYSE:SPGI) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 444,364 shares of the business services provider's stock after selling 30,090 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.14% of S&P Global worth $221,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Human Investing LLC purchased a new position in S&P Global in the 4th quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. grew its stake in S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares during the period. Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of S&P Global during the fourth quarter worth $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, UBS Group upped their price objective on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Up 1.5 %

Shares of S&P Global stock traded up $7.59 on Friday, hitting $506.52. 892,287 shares of the company's stock traded hands, compared to its average volume of 1,227,918. S&P Global Inc. has a 52-week low of $419.49 and a 52-week 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 stock has a market cap of $155.35 billion, a P/E ratio of 41.01, a PEG ratio of 2.41 and a beta of 1.23. The firm's 50-day moving average is $488.33 and its 200 day moving average is $502.15.

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 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $4.01 EPS. Equities analysts anticipate 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.