S&P Global Inc. (NYSE:SPGI) Stock Position Lifted by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 838 shares of the business services provider’s stock after acquiring an additional 29 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in S&P Global were worth $419,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in shares of S&P Global in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services acquired a new position in S&P Global in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. raised its position in shares of S&P Global by 77.1% during 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 institutional investors.

S&P Global Trading Up 1.4 %

Shares of S&P Global stock opened at $520.75 on Tuesday. The business has a fifty day simple moving average of $505.03 and a 200-day simple moving average of $503.35. The firm has a market cap of $161.59 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. 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 quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SPGI shares. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Wells Fargo & Company cut their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $584.54.

About S&P Global

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.