S&P Global Inc. (NYSE:SPGI) Stake Raised by Heritage Family Offices LLP

Heritage Family Offices LLP boosted its stake in S&P Global Inc. (NYSE:SPGI) by 6.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,112 shares of the business services provider’s stock after buying an additional 63 shares during the period. Heritage Family Offices LLP’s holdings in S&P Global were worth $554,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of S&P Global in the 2nd quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of S&P Global by 77.1% in 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. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wells Fargo & Company cut 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. Robert W. Baird raised 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. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Price Performance

NYSE SPGI opened at $497.00 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a fifty day simple moving average of $504.46 and a 200 day simple moving average of $500.38. The company has a market cap of $154.22 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

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.