Simon Quick Advisors LLC Purchases 129 Shares of S&P Global Inc. (NYSE:SPGI)

Simon Quick Advisors LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,036 shares of the business services provider’s stock after purchasing an additional 129 shares during the quarter. Simon Quick Advisors LLC’s holdings in S&P Global were worth $1,014,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bourgeon Capital Management LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $864,000. Atomi Financial Group Inc. raised its stake in shares of S&P Global by 35.1% during the 4th quarter. Atomi Financial Group Inc. now owns 1,615 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 420 shares during the period. Transform Wealth LLC raised its stake in shares of S&P Global by 3.1% during the 4th quarter. Transform Wealth LLC now owns 3,690 shares of the business services provider’s stock valued at $1,838,000 after purchasing an additional 110 shares during the period. Clear Harbor Asset Management LLC raised its stake in shares of S&P Global by 0.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,849 shares of the business services provider’s stock valued at $6,399,000 after purchasing an additional 93 shares during the period. Finally, Perpetual Ltd increased its stake in S&P Global by 4.3% in the 4th quarter. Perpetual Ltd now owns 158,826 shares of the business services provider’s stock worth $79,100,000 after acquiring an additional 6,601 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 1.6 %

NYSE SPGI opened at $509.79 on Wednesday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The stock has a market cap of $158.19 billion, a P/E ratio of 45.00, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20. The stock has a 50 day simple moving average of $504.64 and a two-hundred day simple moving average of $501.86. 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 (NYSE:SPGI) last announced its 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 firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 EPS. The business’s revenue was up 15.9% compared to the same quarter last year. On average, analysts forecast that S&P Global Inc. will post 15.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.