Nordea Investment Management AB lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 52.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 658,766 shares of the business services provider's stock after acquiring an additional 225,370 shares during the period. Nordea Investment Management AB owned 0.21% of S&P Global worth $328,632,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the 3rd quarter worth $27,000. Sachetta LLC grew its stake in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock worth $29,000 after buying an additional 30 shares during the last quarter. First Personal Financial Services purchased a new position in S&P Global during the 3rd quarter worth $29,000. Finally, Capital Performance Advisors LLP purchased a new position in S&P Global during the 3rd quarter worth $31,000. 87.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
SPGI has been the topic of several research analyst reports. 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 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. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research note on Friday, October 25th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target on the stock. Finally, Morgan Stanley boosted their price target 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. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $574.43.
Check Out Our Latest Report on SPGI
S&P Global Stock Performance
Shares of SPGI stock traded down $5.61 on Monday, hitting $493.96. The company had a trading volume of 879,059 shares, compared to its average volume of 1,240,605. The firm has a market cap of $153.28 billion, a P/E ratio of 43.60, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a 50-day moving average price of $503.92 and a 200-day moving average price of $498.19. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global's quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 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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