Brookstone Capital Management Buys New Position in S&P Global Inc. (NYSE:SPGI)

Brookstone Capital Management purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 546 shares of the business services provider’s stock, valued at approximately $272,000.

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

S&P Global Trading Down 0.7 %

Shares of NYSE:SPGI opened at $501.70 on Friday. The stock has a 50 day moving average of $504.75 and a 200 day moving average of $500.78. The company has a market cap of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. 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 Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $3.21 EPS. As a group, equities research analysts expect that S&P Global Inc. will post 15.25 EPS for the current year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several research reports. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

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.