HB Wealth Management LLC Grows Position in S&P Global Inc. (NYSE:SPGI)

HB Wealth Management LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 22.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 7,542 shares of the business services provider’s stock after purchasing an additional 1,391 shares during the quarter. HB Wealth Management LLC’s holdings in S&P Global were worth $3,756,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. First National Corp MA ADV grew its stake in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. grew its position in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the period. Trust Point Inc. increased its holdings in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC increased its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after buying an additional 20 shares during the last quarter. Finally, EWA LLC boosted its stake in S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

NYSE:SPGI opened at $501.70 on Monday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a fifty day moving average of $504.75 and a 200 day moving average of $501.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20.

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 the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during 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%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 earnings per share. On average, research analysts expect that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SPGI shares. BMO Capital Markets decreased their price target on shares of 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. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Oppenheimer reduced their target price 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.