BDF Gestion Decreases Stock Position in S&P Global Inc. $SPGI

BDF Gestion trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 17.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,544 shares of the business services provider’s stock after selling 1,363 shares during the quarter. BDF Gestion’s holdings in S&P Global were worth $3,185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPGI. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter worth approximately $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. CBIZ Investment Advisory Services LLC lifted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares during the last quarter. eCIO Inc. purchased a new stake in shares of S&P Global during the 1st quarter worth $32,000. Finally, Activest Wealth Management grew its stake in shares of S&P Global by 3,250.0% during the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock worth $34,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $512.03 on Friday. The stock has a market cap of $155.04 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.63 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 stock has a 50 day moving average of $492.40 and a two-hundred day moving average of $514.38. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPGI shares. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average target price 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.