Kovitz Investment Group Partners LLC Has $16.07 Million Stake in S&P Global Inc. (NYSE:SPGI)

Kovitz Investment Group Partners LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 105.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,258 shares of the business services provider's stock after acquiring an additional 16,569 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in S&P Global were worth $16,066,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Human Investing LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of S&P Global in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPGI shares. Robert W. Baird reduced 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. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group upped their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.

S&P Global Price Performance

Shares of NYSE:SPGI traded up $2.26 on Thursday, hitting $502.31. The stock had a trading volume of 422,984 shares, compared to its average volume of 1,224,114. The company has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm's 50 day moving average price is $489.55 and its 200-day moving average price is $502.49. S&P Global Inc. has a twelve month low of $408.84 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted 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 net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. S&P Global's quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share 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.