Community Trust & Investment Co. Acquires 648 Shares of S&P Global Inc. (NYSE:SPGI)

Community Trust & Investment Co. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.5% in the 4th quarter, Holdings Channel reports. The firm owned 26,750 shares of the business services provider’s stock after acquiring an additional 648 shares during the period. Community Trust & Investment Co.’s holdings in S&P Global were worth $13,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Northwest Investment Counselors LLC bought a new stake in S&P Global in the 3rd quarter worth approximately $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the 3rd quarter worth $31,000. HWG Holdings LP bought a new stake in shares of S&P Global in 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. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

SPGI stock opened at $483.68 on Wednesday. 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 company’s fifty day moving average price is $504.46 and its 200-day moving average price is $500.38. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a market capitalization of $150.09 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analyst Ratings Changes

SPGI has been the subject of a number of recent research reports. Wells Fargo & Company cut their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. 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 report on Friday, October 25th. Oppenheimer decreased their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target 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.