22,800 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments purchased a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,800 shares of the business services provider's stock, valued at approximately $11,366,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the period. Norges Bank bought a new stake in S&P Global in the fourth quarter valued at $1,725,084,000. Northern Trust Corp raised its holdings in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock valued at $1,631,568,000 after purchasing an additional 525,347 shares during the period. Amundi boosted its position in shares of S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of S&P Global by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after buying an additional 62,770 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 1.5 %

NYSE SPGI opened at $506.52 on Friday. The business's fifty day moving average is $488.33 and its 200-day moving average is $501.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $155.35 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period in the previous year, the company earned $4.01 earnings per share. The company's quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SPGI. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. BMO Capital Markets upped their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

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.

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.