Axa S.A. Grows Position in S&P Global Inc. (NYSE:SPGI)

AXA S.A. grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 58.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,358 shares of the business services provider's stock after buying an additional 55,183 shares during the quarter. AXA S.A.'s holdings in S&P Global were worth $74,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Nordea Investment Management AB increased its position in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after buying an additional 225,370 shares during the last quarter. Eastern Bank increased its holdings in S&P Global by 3.1% in 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 last quarter. Wealthfront Advisers LLC lifted its holdings in S&P Global by 19.1% during the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares during the last quarter. Synergy Asset Management LLC boosted its position in S&P Global by 110.8% during the fourth quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock worth $12,066,000 after purchasing an additional 12,547 shares during the period. Finally, Miracle Mile Advisors LLC increased its stake in shares of S&P Global by 50.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider's stock worth $10,705,000 after purchasing an additional 7,170 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

Shares of S&P Global stock traded down $0.42 during trading on Monday, hitting $506.20. 993,830 shares of the stock traded hands, compared to its average volume of 1,224,222. The stock has a market cap of $155.25 billion, a price-to-earnings ratio of 40.99, a PEG 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 firm's fifty day moving average is $487.88 and its 200-day moving average is $501.72. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Morgan Stanley raised 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. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. UBS Group lifted their price target on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Bank of America assumed coverage on S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on shares of 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 research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's 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.

S&P Global Company Profile

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.