Thurston Springer Miller Herd & Titak Inc. Increases Position in S&P Global Inc. (NYSE:SPGI)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 78.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,734 shares of the business services provider's stock after purchasing an additional 2,074 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in S&P Global were worth $2,358,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Park Avenue Securities LLC grew its stake in shares of S&P Global by 21.1% in the 4th quarter. Park Avenue Securities LLC now owns 13,232 shares of the business services provider's stock valued at $6,590,000 after purchasing an additional 2,310 shares during the last quarter. Kathmere Capital Management LLC raised its stake in shares of S&P Global by 8.0% during the fourth quarter. Kathmere Capital Management LLC now owns 1,233 shares of the business services provider's stock worth $614,000 after purchasing an additional 91 shares during the last quarter. Board of the Pension Protection Fund acquired a new stake in shares of S&P Global during the fourth quarter worth $100,000. Fifth Third Wealth Advisors LLC grew its position in S&P Global by 6.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 4,205 shares of the business services provider's stock valued at $2,094,000 after buying an additional 238 shares during the last quarter. Finally, Community Trust & Investment Co. increased its stake in S&P Global by 2.5% in the 4th quarter. Community Trust & Investment Co. now owns 26,750 shares of the business services provider's stock valued at $13,322,000 after buying an additional 648 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

Several analysts have recently commented on SPGI shares. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Raymond James downgraded shares of S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Wells Fargo & Company lowered their price objective on S&P Global from $620.00 to $617.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Stifel Nicolaus increased 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. Finally, JPMorgan Chase & Co. decreased 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $583.62.

S&P Global Price Performance

SPGI traded up $12.53 during midday trading on Wednesday, reaching $497.00. 1,904,232 shares of the company's stock were exchanged, compared to its average volume of 1,411,914. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock has a market capitalization of $154.22 billion, a PE ratio of 43.87, a P/E/G ratio of 2.53 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 moving average price is $504.46 and its 200 day moving average price is $500.38.

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 the consensus estimate of $3.64 by $0.25. The firm 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.21 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

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.