6,755 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Empirical Asset Management LLC

Empirical Asset Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 6,755 shares of the business services provider's stock, valued at approximately $3,364,000.

A number of other institutional investors have also made changes to their positions in SPGI. Moors & Cabot Inc. boosted 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 stake 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 worth $801,000 after purchasing an additional 563 shares in the last quarter. Axxcess Wealth Management LLC boosted 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 buying an additional 582 shares during the last quarter. E Fund Management Co. Ltd. grew its stake in shares of 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 valued at $783,000 after buying an additional 1,269 shares in the last quarter. Finally, Argent Trust Co increased its holdings 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 buying an additional 91 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent analyst reports. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. UBS Group boosted their price target 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. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price objective for the company. Finally, BMO Capital Markets decreased their target price on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $583.62.

S&P Global Stock Performance

Shares of SPGI traded down $3.46 during midday trading on Friday, reaching $501.70. 1,723,897 shares of the stock were exchanged, compared to its average volume of 1,425,126. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock's 50 day simple moving average is $504.77 and its 200 day simple moving average is $500.39. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a market cap of $155.68 billion, a P/E ratio of 44.28, a PEG 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 the consensus estimate 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 quarter in the previous year, the company earned $3.21 EPS. The business's revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.