S&P Global Inc. (NYSE:SPGI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 15.5% in the 4th quarter, Holdings Channel reports. The fund owned 3,502 shares of the business services provider’s stock after purchasing an additional 469 shares during the period. GAMMA Investing LLC’s holdings in S&P Global were worth $1,744,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC increased its position in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global in the third quarter worth about $224,976,000. FMR LLC increased its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday. Wells Fargo & Company increased their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $574.43.

S&P Global Trading Up 0.8 %

Shares of NYSE SPGI opened at $499.57 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a market cap of $155.02 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 2.53 and a beta of 1.19. The business has a fifty day simple moving average of $503.74 and a 200-day simple moving average of $496.87.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company 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% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 15.24 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.