Financial & Tax Architects LLC Increases Stock Position in S&P Global Inc. (NYSE:SPGI)

Financial & Tax Architects LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 4.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,989 shares of the business services provider's stock after buying an additional 561 shares during the period. S&P Global makes up 1.8% of Financial & Tax Architects LLC's holdings, making the stock its 13th largest position. Financial & Tax Architects LLC's holdings in S&P Global were worth $6,967,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Canoe Financial LP boosted its position in S&P Global by 6.0% in the fourth quarter. Canoe Financial LP now owns 76,184 shares of the business services provider's stock valued at $37,942,000 after buying an additional 4,300 shares during the last quarter. Brooklyn Investment Group boosted its holdings in shares of S&P Global by 3.0% in the 4th quarter. Brooklyn Investment Group now owns 2,557 shares of the business services provider's stock valued at $1,273,000 after acquiring an additional 75 shares during the last quarter. Merit Financial Group LLC increased its stake in shares of S&P Global by 11.0% in the fourth quarter. Merit Financial Group LLC now owns 20,070 shares of the business services provider's stock worth $9,996,000 after acquiring an additional 1,982 shares during the period. Wedge Capital Management L L P NC increased its stake in shares of S&P Global by 4.5% in the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after acquiring an additional 23 shares during the period. Finally, Chemistry Wealth Management LLC raised its holdings in shares of S&P Global by 4.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 4,766 shares of the business services provider's stock worth $2,374,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $3.46 during midday trading on Friday, hitting $501.70. The company had a trading volume of 1,723,897 shares, compared to its average volume of 1,055,581. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50-day simple moving average is $504.75 and its 200-day simple moving average is $501.13.

S&P Global (NYSE:SPGI - Get Free Report) last issued its 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. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.21 EPS. On average, research analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company lowered their target price on shares of S&P Global from $620.00 to $617.00 and set an "overweight" rating on the stock in a research note on Friday, January 10th. Morgan Stanley lifted 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. Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. Finally, Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 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's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.