Daymark Wealth Partners LLC Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Daymark Wealth Partners LLC lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,381 shares of the business services provider’s stock after selling 69 shares during the period. Daymark Wealth Partners LLC’s holdings in S&P Global were worth $1,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after acquiring an additional 113,146 shares during the period. FMR LLC grew its stake in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Legal & General Group Plc grew its position in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after buying an additional 29,227 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $510.64 on Thursday. The business’s 50-day moving average is $504.76 and its two-hundred day moving average is $502.26. The company has a market capitalization of $158.45 billion, a P/E ratio of 45.07, a P/E/G ratio of 2.35 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the business earned $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 15.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets upped their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company cut their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global 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.