S&P Global Inc. $SPGI Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA decreased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 39.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 144,186 shares of the business services provider’s stock after selling 93,374 shares during the period. S&P Global makes up about 1.4% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 18th biggest holding. Union Bancaire Privee UBP SA’s holdings in S&P Global were worth $71,953,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Emerald Advisers LLC boosted its stake in shares of S&P Global by 2.0% in the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares during the period. Fullcircle Wealth LLC grew its holdings in shares of S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC increased its holdings in shares of S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after acquiring an additional 18 shares during the period. Hamilton Capital LLC increased its position in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after acquiring an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC raised its stake in shares of S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $499.81 on Wednesday. The company has a market capitalization of $151.34 billion, a PE ratio of 36.35, a price-to-earnings-growth ratio of 2.60 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The company’s fifty day moving average price is $490.95 and its 200 day moving average price is $514.48.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday. Evercore ISI raised their price target on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Buy” and a consensus target price of $614.93.

S&P Global Company 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.