Fifth Third Bancorp Buys 986 Shares of S&P Global Inc. (NYSE:SPGI)

Fifth Third Bancorp raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 116,439 shares of the business services provider’s stock after purchasing an additional 986 shares during the period. Fifth Third Bancorp’s holdings in S&P Global were worth $57,990,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cottonwood Capital Advisors LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $221,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of S&P Global by 203.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 562 shares of the business services provider’s stock valued at $280,000 after acquiring an additional 377 shares in the last quarter. Sound Income Strategies LLC boosted its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the period. RFG Advisory LLC raised its stake in S&P Global by 22.3% during the 4th quarter. RFG Advisory LLC now owns 604 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 110 shares during the period. Finally, Brighton Jones LLC lifted its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SPGI shares. Robert W. Baird increased their price objective on shares of 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 boosted their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Up 0.0 %

SPGI opened at $513.64 on Friday. 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 stock’s 50 day moving average price is $504.82 and its 200-day moving average price is $502.39. 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 $159.38 billion, a price-to-earnings ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 15.33 EPS for the current 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.