Freestone Grove Partners LP bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,768 shares of the business services provider's stock, valued at approximately $1,379,000.
A number of other large investors have also added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB raised its position in S&P Global by 102.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,422 shares of the business services provider's stock worth $3,318,000 after purchasing an additional 3,251 shares during the period. Principal Financial Group Inc. increased its holdings in shares of S&P Global by 4.4% in the third quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider's stock worth $188,948,000 after buying an additional 15,456 shares during the period. Versant Capital Management Inc boosted its holdings in S&P Global by 52.3% during the 4th quarter. Versant Capital Management Inc now owns 533 shares of the business services provider's stock valued at $265,000 after acquiring an additional 183 shares during the period. GAMMA Investing LLC increased its stake in S&P Global by 15.5% in the 4th quarter. GAMMA Investing LLC now owns 3,502 shares of the business services provider's stock worth $1,744,000 after purchasing an additional 469 shares during the period. Finally, Nordea Investment Management AB lifted 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 valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Down 0.1 %
Shares of NYSE:SPGI traded down $0.42 on Monday, hitting $506.20. 993,830 shares of the company traded hands, compared to its average volume of 1,224,222. The stock has a 50 day simple moving average of $487.88 and a 200-day simple moving average of $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. The company has a market cap of $155.25 billion, a PE 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.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $3.78 billion during 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%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $4.01 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. Wells Fargo & Company raised their target price on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, UBS Group boosted their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $592.71.
Check Out Our Latest 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.
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