Board of the Pension Protection Fund Takes $100,000 Position in S&P Global Inc. (NYSE:SPGI)

Board of the Pension Protection Fund purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 200 shares of the business services provider’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Wealth Advisors LLC grew its stake in S&P Global by 6.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,205 shares of the business services provider’s stock worth $2,094,000 after purchasing an additional 238 shares in the last quarter. Community Trust & Investment Co. grew its position in shares of S&P Global by 2.5% in the 4th quarter. Community Trust & Investment Co. now owns 26,750 shares of the business services provider’s stock worth $13,322,000 after acquiring an additional 648 shares in the last quarter. Pines Wealth Management LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $239,000. SeaCrest Wealth Management LLC raised its position in shares of S&P Global by 6.6% during the 4th quarter. SeaCrest Wealth Management LLC now owns 1,109 shares of the business services provider’s stock valued at $552,000 after acquiring an additional 69 shares in the last quarter. Finally, Rosenberg Matthew Hamilton lifted its stake in S&P Global by 20.8% during the fourth quarter. Rosenberg Matthew Hamilton now owns 145 shares of the business services provider’s stock worth $72,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 2.6 %

Shares of SPGI stock opened at $497.00 on Thursday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The firm has a market capitalization of $154.22 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The stock has a fifty day moving average of $504.46 and a two-hundred day moving average of $500.38. 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 posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. The business 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%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.21 earnings per share. As a group, research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group boosted 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. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Finally, Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global 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.