Wedmont Private Capital Buys 332 Shares of S&P Global Inc. (NYSE:SPGI)

Wedmont Private Capital grew its holdings in S&P Global Inc. (NYSE:SPGI) by 7.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,519 shares of the business services provider’s stock after purchasing an additional 332 shares during the period. Wedmont Private Capital’s holdings in S&P Global were worth $2,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global in the third quarter worth $224,976,000. FMR LLC boosted its position in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus boosted their price objective 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. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. BMO Capital Markets cut their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, Oppenheimer lowered their price objective on shares of 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Stock Performance

NYSE SPGI traded down $1.18 on Monday, hitting $481.54. 506,359 shares of the stock were exchanged, compared to its average volume of 1,182,805. S&P Global Inc. has a 52 week low of $407.69 and a 52 week 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 company has a market capitalization of $149.42 billion, a PE ratio of 42.50, a P/E/G ratio of 2.53 and a beta of 1.20. The business’s fifty day moving average is $504.66 and its 200 day moving average is $499.88.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. Research analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

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.