Independent Wealth Network Inc. Acquires 50 Shares of S&P Global Inc. (NYSE:SPGI)

Independent Wealth Network Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 554 shares of the business services provider’s stock after purchasing an additional 50 shares during the quarter. Independent Wealth Network Inc.’s holdings in S&P Global were worth $276,000 as of its most recent SEC filing.

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

S&P Global Stock Performance

NYSE SPGI opened at $513.36 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm has a 50-day moving average price of $504.77 and a two-hundred day moving average price of $502.32. The company has a market capitalization of $159.30 billion, a P/E ratio of 45.31, a P/E/G ratio of 2.35 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted 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 firm 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 revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $3.21 EPS. Analysts anticipate that S&P Global Inc. will post 15.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SPGI shares. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lowered their price target 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, Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. 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 company has an average rating of “Moderate Buy” and a consensus target price 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.