Alteri Wealth LLC purchased a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,653 shares of the business services provider's stock, valued at approximately $823,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $27,000. Human Investing LLC bought a new stake in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
S&P Global Stock Up 1.5 %
SPGI stock opened at $506.52 on Friday. The firm's 50-day moving average is $488.33 and its two-hundred day moving average is $502.15. The company has a market capitalization of $155.35 billion, a price-to-earnings ratio of 41.01, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.
S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.01 earnings per share. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have commented on SPGI. Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Stifel Nicolaus dropped their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday. Robert W. Baird lowered their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.
Read Our Latest Research Report on SPGI
S&P Global Company Profile
(
Free Report)
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.
See Also
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).
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