Everence Capital Management Inc. Sells 3,780 Shares of S&P Global Inc. (NYSE:SPGI)

Everence Capital Management Inc. lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 7,344 shares of the business services provider’s stock after selling 3,780 shares during the period. Everence Capital Management Inc.’s holdings in S&P Global were worth $3,658,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SPGI. HWG Holdings LP bought a new stake in S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the third quarter valued at $27,000. Sachetta LLC raised its holdings in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares in the last quarter. First Personal Financial Services purchased a new stake in S&P Global in the third quarter worth about $29,000. Finally, Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research reports. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $574.43.

S&P Global Stock Performance

NYSE:SPGI traded up $2.67 during trading hours on Friday, hitting $498.17. 311,936 shares of the company were exchanged, compared to its average volume of 897,487. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market capitalization of $154.58 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 2.53 and a beta of 1.19. The company’s 50 day moving average price is $503.74 and its 200-day moving average price is $496.87.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.21 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.