Quintet Private Bank Europe S.A. Has $900,000 Stake in S&P Global Inc. $SPGI

Quintet Private Bank Europe S.A. lowered its stake in S&P Global Inc. (NYSE:SPGI) by 45.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,849 shares of the business services provider’s stock after selling 1,510 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in S&P Global were worth $900,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group bought a new stake in S&P Global in the second quarter valued at $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. eCIO Inc. bought a new stake in S&P Global in the 1st quarter valued at about $32,000. Finally, Spurstone Advisory Services LLC acquired a new position in S&P Global during the 2nd quarter worth approximately $34,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.0%

NYSE SPGI opened at $499.81 on Wednesday. The firm has a market capitalization of $151.34 billion, a P/E ratio of 36.35, a PEG ratio of 2.60 and a beta of 1.19. The business has a fifty day simple moving average of $490.95 and a 200 day simple moving average of $514.48. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. 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 posted its quarterly earnings data 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 firm had revenue of $1.87 billion for the quarter. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Wells Fargo & Company increased their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Mizuho upped their price objective on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. 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 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.