Topsail Wealth Management LLC Purchases New Stake in S&P Global Inc. (NYSE:SPGI)

Topsail Wealth Management LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 606 shares of the business services provider's stock, valued at approximately $302,000.

A number of other large investors also recently made changes to their positions in the business. Parkside Financial Bank & Trust boosted its position in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after acquiring an additional 20 shares during the period. Personal CFO Solutions LLC grew its position in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after purchasing an additional 20 shares during the last quarter. Anfield Capital Management LLC increased its holdings in shares of S&P Global by 25.6% during the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after purchasing an additional 22 shares during the period. Invenio Wealth Partners LLC raised its position in shares of S&P Global by 4.0% during the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares during the last quarter. Finally, Wedge Capital Management L L P NC grew its position in S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Ratings Changes

SPGI has been the topic of several recent research reports. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Robert W. Baird dropped their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective 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. Mizuho began coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Finally, Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average price target of $589.64.

S&P Global Stock Performance

S&P Global stock traded up $3.00 during trading hours on Wednesday, hitting $494.76. The company had a trading volume of 789,709 shares, compared to its average volume of 1,223,941. The firm has a market cap of $155.28 billion, a PE ratio of 40.06, a PEG ratio of 2.41 and a beta of 1.26. The firm has a 50-day moving average of $490.21 and a 200 day moving average of $502.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a one year low of $408.84 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) 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 company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the business posted $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share 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.