Avanza Fonder AB acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 22,918 shares of the business services provider's stock, valued at approximately $11,414,000.
Several other large investors have also recently made changes to their positions in SPGI. Moors & Cabot Inc. lifted its position in S&P Global by 12.4% during the second quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider's stock valued at $1,035,000 after purchasing an additional 256 shares during the last quarter. Edgestream Partners L.P. raised its position in shares of S&P Global by 45.7% during the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider's stock valued at $801,000 after buying an additional 563 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in shares of S&P Global by 28.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider's stock valued at $1,177,000 after acquiring an additional 582 shares during the last quarter. E Fund Management Co. Ltd. grew its position in S&P Global by 261.1% in the second quarter. E Fund Management Co. Ltd. now owns 1,755 shares of the business services provider's stock worth $783,000 after acquiring an additional 1,269 shares in the last quarter. Finally, Argent Trust Co increased its stake in S&P Global by 1.6% during the second quarter. Argent Trust Co now owns 5,644 shares of the business services provider's stock worth $2,517,000 after acquiring an additional 91 shares during the last quarter. 87.17% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have weighed in on SPGI shares. BMO Capital Markets cut 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 research report on Friday, October 25th. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price objective on the stock. Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Finally, Raymond James lowered S&P Global from an "outperform" rating to a "market perform" rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $583.62.
Check Out Our Latest Analysis on S&P Global
S&P Global Stock Down 0.7 %
NYSE:SPGI traded down $3.46 during trading hours on Friday, reaching $501.70. The company's stock had a trading volume of 1,723,897 shares, compared to its average volume of 1,055,581. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $155.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The stock has a 50 day moving average price of $504.75 and a two-hundred day moving average price of $500.78. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.
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 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $3.21 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post 15.25 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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