Flagship Harbor Advisors LLC Acquires 143 Shares of S&P Global Inc. (NYSE:SPGI)

Flagship Harbor Advisors LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 3.8% in the fourth quarter, Holdings Channel reports. The fund owned 3,934 shares of the business services provider’s stock after purchasing an additional 143 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in S&P Global were worth $1,959,000 at the end of the most recent quarter.

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

S&P Global Trading Up 0.0 %

NYSE:SPGI opened at $513.64 on Monday. The firm has a 50-day simple moving average of $505.03 and a 200-day simple moving average of $503.09. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market cap of $159.38 billion, a P/E ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.21 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 15.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on SPGI. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Morgan Stanley raised their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on 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. Finally, BMO Capital Markets lifted their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

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.