S&P Global Inc. (NYSE:SPGI) Shares Purchased by Northern Trust Corp

Northern Trust Corp lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,276,043 shares of the business services provider's stock after purchasing an additional 525,347 shares during the period. Northern Trust Corp owned 1.06% of S&P Global worth $1,631,568,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Human Investing LLC bought a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. grew its stake in 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 during the period. Sound Income Strategies LLC raised its holdings 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 acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of a number of analyst reports. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price on the stock. Robert W. Baird lowered their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday. Finally, Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Trading Down 0.1 %

SPGI stock traded down $0.56 during mid-day trading on Thursday, reaching $499.49. 1,577,315 shares of the stock traded hands, compared to its average volume of 1,229,237. 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 business has a 50-day moving average price of $489.55 and a two-hundred day moving average price of $502.49. S&P Global Inc. has a one year low of $408.84 and a one year high of $545.39. The stock has a market capitalization of $156.76 billion, a PE ratio of 40.44, a PEG ratio of 2.41 and a beta of 1.26.

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 (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company's quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the firm earned $4.01 earnings per share. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS 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.