Lido Advisors LLC Purchases 1,178 Shares of S&P Global Inc. (NYSE:SPGI)

Lido Advisors LLC lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,873 shares of the business services provider's stock after purchasing an additional 1,178 shares during the period. Lido Advisors LLC's holdings in S&P Global were worth $6,411,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPGI. Norges Bank acquired a new position in shares of S&P Global in the 4th quarter valued at $1,725,084,000. Raymond James Financial Inc. acquired a new position in S&P Global in the fourth quarter valued at about $527,207,000. Proficio Capital Partners LLC increased its holdings in shares of S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after acquiring an additional 618,620 shares in the last quarter. Northern Trust Corp raised its position in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global during the fourth quarter worth about $144,091,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on SPGI shares. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Robert W. Baird cut their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. reduced their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus dropped their price target on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

S&P Global Stock Performance

NYSE:SPGI traded up $7.59 during mid-day trading on Friday, hitting $506.52. The stock had a trading volume of 892,287 shares, compared to its average volume of 1,227,918. The company's 50 day simple moving average is $488.33 and its 200 day simple moving average is $502.15. The stock has a market cap of $155.35 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. 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 issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company posted $4.01 EPS. On average, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

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.