S.E.E.D. Planning Group LLC Makes New $458,000 Investment in S&P Global Inc. (NYSE:SPGI)

S.E.E.D. Planning Group LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, Holdings Channel.com reports. The firm purchased 919 shares of the business services provider’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global in the third quarter valued at $27,000. First Personal Financial Services bought a new stake in S&P Global in the third quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Morgan Stanley lifted their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Finally, UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

Shares of SPGI stock opened at $483.68 on Wednesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a market cap of $150.09 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.53 and a beta of 1.20. The firm has a 50-day moving average of $504.46 and a 200-day moving average of $500.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

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.