S&P Global Inc. $SPGI Shares Sold by Thurston Springer Miller Herd & Titak Inc.

by · The Cerbat Gem

Thurston Springer Miller Herd & Titak Inc. lessened its stake in S&P Global Inc. (NYSE:SPGI – Free Report) by 92.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 523 shares of the business services provider’s stock after selling 6,731 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in S&P Global were worth $255,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter worth about $26,000. MTM Investment Management LLC purchased a new position in S&P Global in the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC boosted its holdings in 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 worth $31,000 after buying an additional 31 shares during the last quarter. eCIO Inc. purchased a new stake in S&P Global during the 1st quarter worth approximately $32,000. Finally, Spurstone Advisory Services LLC purchased a new stake in S&P Global during the 2nd quarter worth approximately $34,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on SPGI shares. The Goldman Sachs Group restated a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research report on Tuesday. BMO Capital Markets set a $546.00 price objective on S&P Global in a research note on Friday, November 14th. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. JPMorgan Chase & Co. decreased their price objective on 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 reaffirmed a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $614.93.

View Our Latest Research Report on SPGI

S&P Global Price Performance

NYSE:SPGI opened at $499.81 on Wednesday. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The stock has a market cap of $151.34 billion, a PE ratio of 36.35, a P/E/G ratio of 2.60 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a 50 day moving average price of $490.95 and a 200 day moving average price of $514.48.

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

About S&P Global

(Free Report)

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.

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