Simon Quick Advisors LLC Has $1.01 Million Position in S&P Global Inc. (NYSE:SPGI)

Simon Quick Advisors LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 6.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,036 shares of the business services provider’s stock after purchasing an additional 129 shares during the period. Simon Quick Advisors LLC’s holdings in S&P Global were worth $1,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bourgeon Capital Management LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $864,000. Atomi Financial Group Inc. boosted its position in shares of S&P Global by 35.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,615 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 420 shares in the last quarter. Transform Wealth LLC boosted its position in shares of S&P Global by 3.1% during the 4th quarter. Transform Wealth LLC now owns 3,690 shares of the business services provider’s stock valued at $1,838,000 after purchasing an additional 110 shares in the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of S&P Global by 0.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,849 shares of the business services provider’s stock valued at $6,399,000 after purchasing an additional 93 shares in the last quarter. Finally, Perpetual Ltd boosted its position in shares of S&P Global by 4.3% during the 4th quarter. Perpetual Ltd now owns 158,826 shares of the business services provider’s stock valued at $79,100,000 after purchasing an additional 6,601 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SPGI. Citigroup started 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. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a 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. JPMorgan Chase & Co. decreased their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Stifel Nicolaus boosted 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Up 1.6 %

SPGI stock opened at $509.79 on Wednesday. The stock’s fifty day simple moving average is $504.64 and its two-hundred day simple moving average is $501.86. 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 Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock has a market cap of $158.19 billion, a P/E ratio of 45.00, a P/E/G ratio of 2.32 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm earned $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Analysts expect that S&P Global Inc. will post 15.3 EPS for the current 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.