Community Trust & Investment Co. Raises Position in S&P Global Inc. (NYSE:SPGI)

Community Trust & Investment Co. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,750 shares of the business services provider’s stock after purchasing an additional 648 shares during the period. Community Trust & Investment Co.’s holdings in S&P Global were worth $13,322,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Pines Wealth Management LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $239,000. SeaCrest Wealth Management LLC boosted its position in S&P Global by 6.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,109 shares of the business services provider’s stock valued at $552,000 after buying an additional 69 shares during the period. Rosenberg Matthew Hamilton grew its holdings in S&P Global by 20.8% in the 4th quarter. Rosenberg Matthew Hamilton now owns 145 shares of the business services provider’s stock worth $72,000 after acquiring an additional 25 shares during the last quarter. AAFMAA Wealth Management & Trust LLC grew its holdings in S&P Global by 3.8% in the 4th quarter. AAFMAA Wealth Management & Trust LLC now owns 3,724 shares of the business services provider’s stock worth $1,855,000 after acquiring an additional 137 shares during the last quarter. Finally, Cullen Investment Group LTD. raised its stake in shares of S&P Global by 1.7% during the fourth quarter. Cullen Investment Group LTD. now owns 3,807 shares of the business services provider’s stock valued at $1,896,000 after acquiring an additional 65 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPGI. 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. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. 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 objective on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Stock Performance

Shares of SPGI opened at $483.68 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $150.09 billion, a P/E ratio of 42.69, a P/E/G ratio of 2.53 and a beta of 1.20. The business’s 50 day moving average price is $504.46 and its 200-day moving average price is $500.38. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

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 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 business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the previous year, the company posted $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

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.