Canoe Financial LP Sells 4,800 Shares of S&P Global Inc. $SPGI

Canoe Financial LP decreased its holdings in S&P Global Inc. (NYSE:SPGI) by 6.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 74,384 shares of the business services provider’s stock after selling 4,800 shares during the period. Canoe Financial LP’s holdings in S&P Global were worth $36,203,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Emerald Advisers LLC boosted its position in S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after buying an additional 18 shares during the period. Fullcircle Wealth LLC increased its holdings in shares of S&P Global by 1.0% in the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock worth $984,000 after buying an additional 18 shares during the period. Summitry LLC lifted its stake 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 valued at $466,000 after acquiring an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its stake in shares of 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 last quarter. Finally, Sand Hill Global Advisors LLC boosted its holdings in S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after acquiring an additional 19 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $525.44 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $495.94 and its 200 day simple moving average is $514.63. The stock has a market cap of $159.10 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.73 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.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS 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 predict that S&P Global Inc. will post 17.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley raised their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. JPMorgan Chase & Co. cut 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 report on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company. According to MarketBeat, S&P Global currently 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.