Capital Analysts LLC Buys 23,632 Shares of S&P Global Inc. (NYSE:SPGI)

Capital Analysts LLC boosted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 856.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,391 shares of the business services provider's stock after buying an additional 23,632 shares during the quarter. Capital Analysts LLC's holdings in S&P Global were worth $13,143,000 as of its most recent filing with the SEC.

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

S&P Global Trading Up 0.5 %

S&P Global stock traded up $2.33 during trading hours on Thursday, hitting $502.38. The stock had a trading volume of 422,984 shares, compared to its average volume of 1,224,121. The business's 50 day simple moving average is $489.55 and its 200-day simple moving average is $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 cap of $157.67 billion, a price-to-earnings ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.26. 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 (NYSE:SPGI - Get Free Report) last posted 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company earned $4.01 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus decreased their target price on S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

S&P Global 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.