S&P Global Inc. (NYSE:SPGI) Shares Acquired by Financial & Tax Architects LLC

Financial & Tax Architects LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,989 shares of the business services provider’s stock after buying an additional 561 shares during the period. S&P Global makes up about 1.8% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 13th largest holding. Financial & Tax Architects LLC’s holdings in S&P Global were worth $6,967,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. Canoe Financial LP increased its holdings in shares of S&P Global by 6.0% in the fourth quarter. Canoe Financial LP now owns 76,184 shares of the business services provider’s stock valued at $37,942,000 after buying an additional 4,300 shares in the last quarter. Brooklyn Investment Group increased its holdings in shares of S&P Global by 3.0% in the fourth quarter. Brooklyn Investment Group now owns 2,557 shares of the business services provider’s stock valued at $1,273,000 after buying an additional 75 shares in the last quarter. Merit Financial Group LLC raised its stake in S&P Global by 11.0% during the 4th quarter. Merit Financial Group LLC now owns 20,070 shares of the business services provider’s stock valued at $9,996,000 after purchasing an additional 1,982 shares during the period. Wedge Capital Management L L P NC raised its stake in S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock valued at $265,000 after purchasing an additional 23 shares during the period. Finally, Chemistry Wealth Management LLC raised its stake in S&P Global by 4.1% during the 4th quarter. Chemistry Wealth Management LLC now owns 4,766 shares of the business services provider’s stock valued at $2,374,000 after purchasing an additional 186 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.7 %

Shares of SPGI stock traded down $3.46 on Friday, reaching $501.70. 1,723,897 shares of the stock were exchanged, compared to its average volume of 1,055,581. The stock has a market cap of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a 50 day moving average price of $504.77 and a 200 day moving average price of $500.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the firm earned $3.21 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Citigroup assumed coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, BMO Capital Markets decreased their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $583.62.

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.