500 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Marco Investment Management LLC

Marco Investment Management LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 500 shares of the business services provider’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of The West purchased a new stake in S&P Global during the 2nd quarter valued at $420,000. Deutsche Bank AG increased its stake in shares of S&P Global by 11.2% in the 2nd quarter. Deutsche Bank AG now owns 1,088,663 shares of the business services provider’s stock worth $446,842,000 after purchasing an additional 109,950 shares in the last quarter. swisspartners Ltd. increased its stake in shares of S&P Global by 1.6% in the 2nd quarter. swisspartners Ltd. now owns 12,420 shares of the business services provider’s stock worth $5,099,000 after purchasing an additional 195 shares in the last quarter. Lord Abbett & CO. LLC increased its stake in shares of S&P Global by 31.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 137,400 shares of the business services provider’s stock worth $56,396,000 after purchasing an additional 32,500 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in S&P Global by 68.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 284,124 shares of the business services provider’s stock worth $116,619,000 after buying an additional 115,637 shares during the period. Institutional investors own 92.36% of the company’s stock.

Several research analysts have commented on the stock. Oppenheimer increased their price objective on shares of S&P Global from $476.00 to $550.00 and gave the company an “outperform” rating in a report on Thursday, September 16th. Raymond James increased their price target on shares of S&P Global from $443.00 to $455.00 and gave the company an “outperform” rating in a report on Friday, July 30th. Deutsche Bank Aktiengesellschaft increased their price target on shares of S&P Global from $450.00 to $475.00 and gave the company a “buy” rating in a report on Friday, July 30th. Stifel Nicolaus increased their price target on shares of S&P Global from $446.00 to $467.00 and gave the company a “buy” rating in a report on Tuesday, July 6th. Finally, Royal Bank of Canada started coverage on shares of S&P Global in a research report on Wednesday, July 7th. They issued an “outperform” rating and a $476.00 price objective on the stock. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus price target of $463.90.

NYSE SPGI opened at $444.87 on Tuesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.09 and a current ratio of 2.09. The firm’s 50 day moving average price is $435.20 and its 200-day moving average price is $398.99. S&P Global Inc. has a 52-week low of $303.50 and a 52-week high of $456.63. The company has a market cap of $107.21 billion, a PE ratio of 43.70, a P/E/G ratio of 3.43 and a beta of 0.95.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, July 29th. The business services provider reported $3.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.34. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2 billion. S&P Global had a net margin of 31.42% and a return on equity of 347.40%. On average, analysts forecast that S&P Global Inc. will post 13.13 earnings per share for the current fiscal year.

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: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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