Heritage Family Offices LLP Has $554,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Heritage Family Offices LLP boosted its stake in S&P Global Inc. (NYSE:SPGI) by 6.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,112 shares of the business services provider’s stock after buying an additional 63 shares during the period. Heritage Family Offices LLP’s holdings in S&P Global were worth $554,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global in the third quarter valued at about $31,000. HWG Holdings LP bought a new stake in S&P Global during the second quarter worth about $27,000. Finally, Voisard Asset Management Group Inc. increased its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SPGI shares. Robert W. Baird boosted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wells Fargo & Company lowered their target price 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. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Finally, UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Up 2.6 %

Shares of NYSE:SPGI opened at $497.00 on Thursday. The company has a 50 day moving average of $504.46 and a 200-day moving average of $500.38. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The stock has a market cap of $154.22 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

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. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.21 EPS. On average, sell-side analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current 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.