Itau Unibanco Holding S.A. Takes $2.84 Million Position in S&P Global Inc. (NYSE:SPGI)

Itau Unibanco Holding S.A. bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 5,711 shares of the business services provider's stock, valued at approximately $2,844,000.

A number of other hedge funds have also recently added to or reduced their stakes in SPGI. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its position in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Stifel Nicolaus lowered their target price 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. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Wells Fargo & Company increased their price target on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Stock Up 1.5 %

S&P Global stock traded up $7.59 during mid-day trading on Friday, reaching $506.52. 892,287 shares of the company's stock were exchanged, compared to its average volume of 1,225,148. The company has a fifty day moving average of $488.33 and a 200-day moving average of $501.96. The company has a market cap of $155.35 billion, a P/E ratio of 41.01, a P/E/G ratio of 2.41 and a beta of 1.23. 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 Inc. has a twelve month low of $419.49 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released 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 return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business posted $4.01 earnings per share. S&P Global's revenue was up 8.2% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS 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.