S&P Global Inc. $SPGI Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,179 shares of the business services provider’s stock after selling 7,895 shares during the quarter. Marathon Asset Management Ltd’s holdings in S&P Global were worth $23,935,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in S&P Global in the 2nd quarter worth about $2,188,945,000. Valeo Financial Advisors LLC grew its holdings in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after buying an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. raised its stake in shares of S&P Global by 7.0% during the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new position in shares of S&P Global during the 2nd quarter valued at approximately $310,348,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.7%

Shares of S&P Global stock opened at $529.41 on Monday. The stock has a market cap of $160.30 billion, a P/E ratio of 38.50, a P/E/G ratio of 2.75 and a beta of 1.19. The stock’s 50 day simple moving average is $497.05 and its 200-day simple moving average is $514.74. S&P Global Inc. has a 1-year low of $427.14 and a 1-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.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SPGI shares. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Evercore ISI lifted their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Two 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, the stock currently has an average rating of “Buy” and an average target price of $614.93.

About S&P Global

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.