KBC Group NV Purchases 68,109 Shares of S&P Global Inc. (NYSE:SPGI)

KBC Group NV raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 22.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 368,174 shares of the business services provider’s stock after purchasing an additional 68,109 shares during the period. KBC Group NV’s holdings in S&P Global were worth $183,361,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SPGI. HWG Holdings LP bought a new stake in shares of S&P Global in the second quarter valued at about $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new position in S&P Global during the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of 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 purchasing an additional 27 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPGI shares. Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Price Performance

Shares of NYSE SPGI opened at $513.64 on Monday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a market cap of $159.38 billion, a PE ratio of 45.33, a P/E/G 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. The business has a 50-day simple moving average of $505.03 and a two-hundred day simple moving average of $503.09.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the business earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities analysts expect that S&P Global Inc. will post 15.33 EPS for the current fiscal year.

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.