Central Bank & Trust Co. Sells 1,039 Shares of S&P Global Inc. $SPGI

Central Bank & Trust Co. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,611 shares of the business services provider’s stock after selling 1,039 shares during the period. S&P Global comprises about 1.2% of Central Bank & Trust Co.’s holdings, making the stock its 24th biggest position. Central Bank & Trust Co.’s holdings in S&P Global were worth $7,598,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares in the last quarter. Algert Global LLC lifted its stake in S&P Global by 7.5% in the 1st quarter. Algert Global LLC now owns 3,420 shares of the business services provider’s stock valued at $1,738,000 after purchasing an additional 240 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in S&P Global by 1,259.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 35,318 shares of the business services provider’s stock valued at $17,946,000 after buying an additional 32,720 shares in the last quarter. CW Advisors LLC acquired a new stake in S&P Global in the first quarter valued at approximately $2,729,000. Finally, Compound Planning Inc. grew its stake in shares of S&P Global by 12.8% during the first quarter. Compound Planning Inc. now owns 1,822 shares of the business services provider’s stock worth $926,000 after buying an additional 207 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $512.03 on Friday. The stock’s 50 day moving average is $492.40 and its 200 day moving average is $514.38. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The firm 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a report on Tuesday. Finally, Evercore ISI boosted their target price 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. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $614.93.

S&P Global Company 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.