Swedbank AB Sells 20,400 Shares of S&P Global Inc. $SPGI

Swedbank AB cut its holdings in S&P Global Inc. (NYSE:SPGI) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 921,626 shares of the business services provider’s stock after selling 20,400 shares during the quarter. Swedbank AB’s holdings in S&P Global were worth $448,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $26,000. MTM Investment Management LLC purchased a new stake in S&P Global in the second quarter worth $27,000. CBIZ Investment Advisory Services LLC lifted its stake in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the period. eCIO Inc. bought a new stake in S&P Global in the first quarter valued at $32,000. Finally, Activest Wealth Management increased its position in S&P Global by 3,250.0% during the 1st 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 period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $525.17 on Wednesday. The firm has a market cap of $159.02 billion, a P/E ratio of 38.19, a PEG ratio of 2.71 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 company has a 50 day moving average of $494.02 and a 200 day moving average of $514.47.

S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion during the quarter. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. JPMorgan Chase & Co. decreased their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price target on shares of S&P Global in a research report on Tuesday, December 16th. Evercore ISI raised their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global 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.