Park Avenue Securities LLC Has $6.59 Million Position in S&P Global Inc. (NYSE:SPGI)

Park Avenue Securities LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 21.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,232 shares of the business services provider's stock after acquiring an additional 2,310 shares during the period. Park Avenue Securities LLC's holdings in S&P Global were worth $6,590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock valued at $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global during the third quarter worth $224,976,000. FMR LLC boosted its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider's stock valued at $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after buying an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 1.7 %

NYSE:SPGI traded up $8.43 during trading hours on Thursday, hitting $504.95. 1,215,774 shares of the company were exchanged, compared to its average volume of 1,399,137. The company has a fifty day simple moving average of $504.61 and a 200 day simple moving average of $500.36. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a market capitalization of $156.69 billion, a price-to-earnings ratio of 44.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. 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 issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The firm's revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on SPGI shares. 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. JPMorgan Chase & Co. reduced 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 decreased 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 report on Friday, January 10th. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and an average target price of $583.62.

About S&P Global

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.