Burling Wealth Partners LLC Acquires New Position in S&P Global Inc. (NYSE:SPGI)

Burling Wealth Partners LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,518 shares of the business services provider's stock, valued at approximately $1,254,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Norges Bank bought a new position in S&P Global in the fourth quarter worth approximately $1,725,084,000. Raymond James Financial Inc. purchased a new position in S&P Global during the fourth quarter valued at $527,207,000. Proficio Capital Partners LLC grew its holdings in S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in S&P Global in the fourth quarter worth about $144,091,000. Finally, APG Asset Management N.V. raised its stake in shares of S&P Global by 1,384.4% in the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after buying an additional 270,930 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on SPGI. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. BMO Capital Markets upped their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $591.86.

S&P Global Trading Up 2.3 %

NYSE:SPGI traded up $11.02 during midday trading on Tuesday, hitting $490.39. 834,588 shares of the company traded hands, compared to its average volume of 1,223,286. The firm's fifty day moving average is $491.09 and its 200-day moving average is $502.59. The firm has a market capitalization of $153.90 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $408.84 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $4.01 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global 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.