By otakuyassine3@gmail.com 
S&P Global Inc. (NYSE:SPGI – Get Free Report) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 3,320,000 shares, a drop of 19.2% from the November 30th total of 4,110,000 shares. Based on an average daily trading volume, of 1,200,000 shares, the days-to-cover ratio is currently 2.8 days.
S&P Global Stock Performance
Shares of NYSE:SPGI traded up $0.01 on Tuesday, hitting $498.03. The company had a trading volume of 705,398 shares, compared to its average volume of 1,209,429. The stock has a market cap of $154.54 billion, a price-to-earnings ratio of 43.96, a P/E/G ratio of 2.53 and a beta of 1.19. The stock has a 50 day moving average price of $503.95 and a 200 day moving average price of $496.87. S&P Global has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the firm earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Analysts expect that S&P Global will post 15.24 EPS for the current year.
Institutional Trading of S&P Global
Several institutional investors have recently added to or reduced their stakes in SPGI. Principal Financial Group Inc. boosted its position in shares of S&P Global by 4.4% in the third quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider’s stock valued at $188,948,000 after acquiring an additional 15,456 shares during the period. Lord Abbett & CO. LLC boosted its holdings in S&P Global by 13.9% in the 3rd quarter. Lord Abbett & CO. LLC now owns 359,572 shares of the business services provider’s stock valued at $185,762,000 after purchasing an additional 43,864 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $27,170,000. American Trust increased its holdings in shares of S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock worth $1,301,000 after purchasing an additional 1,089 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in shares of S&P Global by 0.8% in the third quarter. Peapack Gladstone Financial Corp now owns 27,741 shares of the business services provider’s stock valued at $14,332,000 after buying an additional 229 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
SPGI has been the topic of a number of recent research reports. BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $575.14.
Check Out Our Latest Report on SPGI
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
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