BNC Wealth Management LLC Has $4.30 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

BNC Wealth Management LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,636 shares of the business services provider's stock after acquiring an additional 842 shares during the period. S&P Global accounts for 1.4% of BNC Wealth Management LLC's holdings, making the stock its 24th biggest position. BNC Wealth Management LLC's holdings in S&P Global were worth $4,301,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. HWG Holdings LP bought a new position in S&P Global during the 2nd quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. raised its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock valued at $32,000 after purchasing an additional 27 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Trading Down 0.7 %

Shares of NYSE:SPGI traded down $3.46 during midday trading on Friday, hitting $501.70. 1,723,897 shares of the stock were exchanged, compared to its average volume of 1,055,581. The stock has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The business's 50-day moving average price is $504.75 and its 200 day moving average price is $501.13. S&P Global Inc. has a 12 month low of $407.69 and a 12 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 the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for 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%. The business's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 earnings per share. Analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SPGI shares. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. 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. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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.