Prosperity Consulting Group LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,783 shares of the business services provider's stock after acquiring an additional 545 shares during the period. Prosperity Consulting Group LLC's holdings in S&P Global were worth $2,880,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. purchased a new position in S&P Global during the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC lifted its holdings in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after buying an additional 618,620 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the 4th quarter worth approximately $144,091,000. Finally, APG Asset Management N.V. raised its holdings in shares of S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock valued at $139,718,000 after acquiring an additional 270,930 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Stock Performance
NYSE:SPGI traded up $2.26 during trading hours on Thursday, reaching $502.31. The company had a trading volume of 497,043 shares, compared to its average volume of 1,420,262. The firm's 50 day moving average price is $489.55 and its 200-day moving average price is $502.49. The firm has a market cap of $157.64 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $408.84 and a 52 week high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly 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. The business 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 business's quarterly revenue 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, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.
Analyst Ratings Changes
SPGI has been the subject of several research analyst reports. Morgan Stanley raised their target price 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. Stifel Nicolaus reduced their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.
View Our Latest Analysis on S&P Global
About S&P Global
(
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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