McElhenny Sheffield Capital Management LLC Invests $544,000 in S&P Global Inc. (NYSE:SPGI)

McElhenny Sheffield Capital Management LLC acquired a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,092 shares of the business services provider's stock, valued at approximately $544,000.

Several other large investors have also recently added to or reduced their stakes in the business. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. grew 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 owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE 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. The stock 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 Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a fifty day simple moving average of $504.75 and a 200 day simple moving average 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.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. BMO Capital Markets cut their price target on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus boosted their target price on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research report on Friday, January 10th. Finally, Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price 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.