Camrose Capital Investment Partners LLP acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,920 shares of the business services provider's stock, valued at approximately $8,925,000. S&P Global comprises approximately 9.8% of Camrose Capital Investment Partners LLP's portfolio, making the stock its 8th biggest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of S&P Global by 4.4% during the third quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider's stock valued at $188,948,000 after buying an additional 15,456 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of 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 acquiring an additional 225,370 shares during the period. Bangor Savings Bank grew its stake in S&P Global by 32.1% during the fourth quarter. Bangor Savings Bank now owns 107 shares of the business services provider's stock valued at $53,000 after acquiring an additional 26 shares in the last quarter. Northcape Capital Pty Ltd raised its holdings in shares of S&P Global by 12.8% in the 4th quarter. Northcape Capital Pty Ltd now owns 7,068 shares of the business services provider's stock valued at $3,520,000 after acquiring an additional 801 shares in the last quarter. Finally, Park National Corp OH lifted its position in S&P Global by 0.7% during the fourth quarter. Park National Corp OH now owns 57,316 shares of the business services provider's stock valued at $28,545,000 after purchasing an additional 393 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Trading Down 0.1 %
Shares of NYSE:SPGI opened at $506.20 on Tuesday. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39. The stock's fifty day moving average price is $487.88 and its 200-day moving average price is $501.72. The company has a market cap of $155.25 billion, a P/E ratio of 40.99, a PEG ratio of 2.41 and a beta of 1.23. 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 (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, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analysts' expectations 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 revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $4.01 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.
Wall Street Analyst Weigh In
SPGI has been the topic of several recent research reports. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price 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. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $592.71.
Get Our Latest Stock Analysis on SPGI
S&P Global 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.
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