Northcape Capital Pty Ltd Acquires 801 Shares of S&P Global Inc. (NYSE:SPGI)

Northcape Capital Pty Ltd raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 12.8% in the 4th quarter, HoldingsChannel reports. The fund owned 7,068 shares of the business services provider’s stock after buying an additional 801 shares during the quarter. S&P Global accounts for approximately 0.6% of Northcape Capital Pty Ltd’s investment portfolio, making the stock its 10th biggest holding. Northcape Capital Pty Ltd’s holdings in S&P Global were worth $3,520,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. GDS Wealth Management lifted its position in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new position in S&P Global during the 3rd quarter worth approximately $27,170,000. Finally, Pinnacle Financial Partners Inc increased its position in S&P Global by 3.9% during the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after buying an additional 1,806 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.6 %

SPGI stock opened at $491.44 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $504.15 and its 200 day moving average price is $498.95. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a market cap of $152.49 billion, a P/E ratio of 43.38, a P/E/G ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly 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. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.21 EPS. On average, research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPGI. Barclays raised their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $574.43.

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.