Cvfg LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,266 shares of the business services provider's stock, valued at approximately $1,129,000. S&P Global accounts for approximately 1.0% of Cvfg LLC's holdings, making the stock its 25th largest holding.
A number of other hedge funds also recently bought and sold shares of the company. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in 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 valued at $32,000 after acquiring an additional 27 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on SPGI shares. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target for the company. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Morgan Stanley lifted their price objective 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. Finally, UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price of $583.62.
View Our Latest Report on S&P Global
S&P Global Stock Performance
SPGI traded down $3.46 on Friday, hitting $501.70. The company had a trading volume of 1,723,897 shares, compared to its average volume of 1,425,126. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company's fifty day moving average price is $504.77 and its 200 day moving average price is $500.39. The stock has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same period in the previous year, the company earned $3.21 earnings per share. S&P Global's revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.
S&P Global Company Profile
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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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