Atomi Financial Group Inc. Grows Position in S&P Global Inc. (NYSE:SPGI)

Atomi Financial Group Inc. raised its position in S&P Global Inc. (NYSE:SPGI) by 35.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,615 shares of the business services provider’s stock after buying an additional 420 shares during the quarter. Atomi Financial Group Inc.’s holdings in S&P Global were worth $804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SPGI. Nordea Investment Management AB boosted its stake in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the period. GDS Wealth Management grew its holdings in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC increased its position in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in S&P Global during the 3rd quarter valued at approximately $27,170,000. Finally, Eastern Bank lifted its position in S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after acquiring an additional 1,530 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

S&P Global stock opened at $510.64 on Thursday. The firm has a market capitalization of $158.45 billion, a PE ratio of 45.07, a P/E/G ratio of 2.32 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm’s 50-day simple moving average is $504.76 and its 200 day simple moving average is $502.26. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business earned $3.21 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts predict that S&P Global Inc. will post 15.3 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. JPMorgan Chase & Co. reduced their target price on shares of 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. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. 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 has an average rating of “Moderate Buy” and a consensus price target of $584.54.

About S&P Global

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.