S&P Global Inc. (NYSE:SPGI) Stock Position Lifted by Canoe Financial LP

Canoe Financial LP lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,184 shares of the business services provider's stock after buying an additional 4,300 shares during the quarter. Canoe Financial LP's holdings in S&P Global were worth $37,942,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter valued at $31,000. HWG Holdings LP purchased a new position in shares of S&P Global in the second quarter valued at $27,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Down 0.7 %

Shares of SPGI traded down $3.46 during midday trading on Friday, reaching $501.70. 1,723,897 shares of the company were exchanged, compared to its average volume of 1,055,581. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock has a 50-day moving average price of $504.75 and a 200-day moving average price of $501.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 earnings per share. Research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Finally, Morgan Stanley upped their target price on shares of S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $583.62.

S&P Global Company 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.