Rappaport Reiches Capital Management LLC Has $217,000 Position in S&P Global Inc. (NYSE:SPGI)

Rappaport Reiches Capital Management LLC cut its stake in S&P Global Inc. (NYSE:SPGI) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 435 shares of the business services provider’s stock after selling 57 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in S&P Global were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in S&P Global by 2.3% in the second quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock valued at $6,553,000 after acquiring an additional 331 shares during the last quarter. Insigneo Advisory Services LLC lifted its stake in shares of S&P Global by 19.0% in the 2nd quarter. Insigneo Advisory Services LLC now owns 1,863 shares of the business services provider’s stock valued at $879,000 after purchasing an additional 297 shares during the last quarter. AlTi Global Inc. boosted its holdings in S&P Global by 211.3% in the second quarter. AlTi Global Inc. now owns 3,045 shares of the business services provider’s stock worth $1,358,000 after purchasing an additional 2,067 shares in the last quarter. AXA S.A. increased its position in S&P Global by 1.4% during the second quarter. AXA S.A. now owns 92,876 shares of the business services provider’s stock worth $41,423,000 after buying an additional 1,265 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in S&P Global by 35.3% during the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock worth $14,147,000 after buying an additional 8,315 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 0.5 %

NYSE SPGI opened at $513.36 on Friday. The firm has a 50-day simple moving average of $504.77 and a 200 day simple moving average of $502.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $159.30 billion, a PE ratio of 45.31, a PEG ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% on a year-over-year basis. On average, research analysts forecast that S&P Global Inc. will post 15.33 EPS for the current year.

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.