Versant Capital Management Inc Increases Stake in S&P Global Inc. (NYSE:SPGI)

Versant Capital Management Inc boosted its position in S&P Global Inc. (NYSE:SPGI) by 52.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 533 shares of the business services provider’s stock after acquiring an additional 183 shares during the period. Versant Capital Management Inc’s holdings in S&P Global were worth $265,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of S&P Global by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 365,737 shares of the business services provider’s stock valued at $188,948,000 after buying an additional 15,456 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in shares of S&P Global by 13.9% during the third quarter. Lord Abbett & CO. LLC now owns 359,572 shares of the business services provider’s stock worth $185,762,000 after acquiring an additional 43,864 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in shares of S&P Global in the third quarter worth $27,170,000. American Trust grew its position in shares of S&P Global by 76.2% in the third quarter. American Trust now owns 2,518 shares of the business services provider’s stock valued at $1,301,000 after purchasing an additional 1,089 shares in the last quarter. Finally, Peapack Gladstone Financial Corp raised its stake in shares of S&P Global by 0.8% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 27,741 shares of the business services provider’s stock valued at $14,332,000 after purchasing an additional 229 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SPGI shares. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday. Citigroup began 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 target for the company. Finally, Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $574.43.

S&P Global Trading Up 0.8 %

NYSE SPGI opened at $499.57 on Friday. The firm has a market cap of $155.02 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The stock has a 50-day moving average of $503.74 and a 200-day moving average of $496.87. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global Inc. will post 15.24 EPS for the current year.

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.