HB Wealth Management LLC Has $3.76 Million Position in S&P Global Inc. (NYSE:SPGI)

HB Wealth Management LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 22.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,542 shares of the business services provider's stock after purchasing an additional 1,391 shares during the period. HB Wealth Management LLC's holdings in S&P Global were worth $3,756,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SPGI. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global in the third quarter worth $27,000. First Personal Financial Services purchased a new stake in S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the 3rd quarter valued at $31,000. HWG Holdings LP purchased a new position in S&P Global in the second quarter valued at about $27,000. Finally, Voisard Asset Management Group Inc. lifted its stake in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.7 %

NYSE SPGI traded down $3.46 on Monday, hitting $501.70. 1,723,897 shares of the company were exchanged, compared to its average volume of 1,055,581. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm 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 company's 50 day moving average price is $504.75 and its 200-day moving average price is $501.49.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on SPGI shares. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 target price on the stock. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the company an "overweight" rating in a research note on Thursday, December 12th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Finally, UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $583.62.

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.