Titan Global Capital Management USA LLC Reduces Position in S&P Global Inc. $SPGI

Titan Global Capital Management USA LLC lowered its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,905 shares of the business services provider’s stock after selling 2,607 shares during the period. S&P Global makes up approximately 4.1% of Titan Global Capital Management USA LLC’s portfolio, making the stock its 10th biggest holding. Titan Global Capital Management USA LLC’s holdings in S&P Global were worth $28,183,000 as of its most recent SEC filing.

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

S&P Global Stock Performance

NYSE:SPGI opened at $512.69 on Friday. The company has a market capitalization of $155.24 billion, a P/E ratio of 37.29, a P/E/G ratio of 2.45 and a beta of 1.21. The business has a fifty day simple moving average of $501.09 and a two-hundred day simple moving average of $515.25. 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 Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 during the quarter. On average, analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Evercore ISI boosted their target price 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. Citigroup increased their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target 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.