Miracle Mile Advisors LLC Purchases 7,170 Shares of S&P Global Inc. (NYSE:SPGI)

Miracle Mile Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 50.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,496 shares of the business services provider's stock after buying an additional 7,170 shares during the period. Miracle Mile Advisors LLC's holdings in S&P Global were worth $10,705,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. First National Corp MA ADV raised its position in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock valued at $1,211,000 after purchasing an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in shares of S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock worth $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. raised its holdings in shares of S&P Global by 1.4% in the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock worth $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC lifted its stake in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares during the period. Finally, EWA LLC grew its holdings in shares of S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after buying an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded down $0.56 during trading hours on Monday, reaching $482.16. The stock had a trading volume of 1,408,140 shares, compared to its average volume of 1,306,041. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. 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 firm has a market capitalization of $149.61 billion, a PE ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. The stock's 50 day moving average is $504.66 and its 200 day moving average is $499.88.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter in the prior year, the business posted $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 expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 target price for the company. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a research note on Thursday, December 12th. BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.

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