S&P Global Inc. (NYSE:SPGI) Stake Lifted by Harrell Investment Partners LLC

Harrell Investment Partners LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,593 shares of the business services provider’s stock after buying an additional 516 shares during the quarter. Harrell Investment Partners LLC’s holdings in S&P Global were worth $2,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter worth $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter valued at $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter valued at $31,000. HWG Holdings LP purchased a new stake in shares of S&P Global during the second quarter valued at $27,000. Finally, Voisard Asset Management Group Inc. lifted its stake in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.0 %

NYSE SPGI opened at $513.64 on Friday. The stock has a fifty day moving average of $505.03 and a 200-day moving average of $502.79. The stock has a market capitalization of $159.38 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts forecast that S&P Global Inc. will post 15.33 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SPGI shares. Wells Fargo & Company reduced their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. BMO Capital Markets increased their price objective on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

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.