Relyea Zuckerberg Hanson LLC Has $832,000 Holdings in S&P Global Inc. (NYSE:SPGI)

Relyea Zuckerberg Hanson LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,670 shares of the business services provider’s stock after purchasing an additional 76 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in S&P Global were worth $832,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. HWG Holdings LP purchased a new position in shares of S&P Global during the second quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global during the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. increased its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Trading Down 0.2 %

S&P Global stock traded down $1.21 during mid-day trading on Friday, hitting $503.96. The stock had a trading volume of 269,490 shares, compared to its average volume of 1,295,514. The stock has a 50-day simple moving average of $504.61 and a two-hundred day simple moving average of $500.36. 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 stock has a market capitalization of $156.38 billion, a PE ratio of 44.48, a P/E/G ratio of 2.22 and a beta of 1.20. 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 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 net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the company earned $3.21 EPS. S&P Global’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 15.25 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SPGI shares. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Robert W. Baird upped their price objective 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. Finally, Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

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.