Yousif Capital Management LLC Trims Holdings in S&P Global Inc. $SPGI

Yousif Capital Management LLC decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,713 shares of the business services provider’s stock after selling 2,888 shares during the quarter. Yousif Capital Management LLC’s holdings in S&P Global were worth $25,656,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the second quarter worth $27,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. eCIO Inc. acquired a new position in S&P Global during the first quarter valued at $32,000. Finally, Activest Wealth Management boosted its holdings in S&P Global by 3,250.0% in the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $521.81 on Tuesday. The firm has a market cap of $158.00 billion, a PE ratio of 37.95, a P/E/G ratio of 2.66 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $493.25 and a 200 day moving average price of $514.44.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. BMO Capital Markets set a $546.00 target price on S&P Global in a research note on Friday, November 14th. Mizuho lifted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. The Goldman Sachs Group reissued a “buy” rating and issued a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, Evercore ISI upped their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.