Empirical Asset Management LLC Takes Position in S&P Global Inc. (NYSE:SPGI)

Empirical Asset Management LLC bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,755 shares of the business services provider’s stock, valued at approximately $3,364,000.

A number of other large investors have also bought and sold shares of the business. Nordea Investment Management AB increased its position in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. GDS Wealth Management boosted its stake in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC increased its holdings in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in S&P Global during the 3rd quarter worth about $27,170,000. Finally, Pinnacle Financial Partners Inc raised its stake in shares of S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after purchasing an additional 1,806 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI opened at $504.95 on Friday. The company has a market cap of $156.69 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The firm has a 50-day moving average of $504.61 and a 200-day moving average of $500.36. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $3.21 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus 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.