Bowman & Co S.C. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Bowman & Co S.C. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 13.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,600 shares of the business services provider’s stock after buying an additional 302 shares during the quarter. Bowman & Co S.C.’s holdings in S&P Global were worth $1,298,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global during the third quarter worth approximately $31,000. HWG Holdings LP acquired a new position in S&P Global during the second quarter worth $27,000. Finally, Voisard Asset Management Group Inc. grew its holdings in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.7 %

SPGI stock opened at $501.70 on Friday. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a fifty day moving average price of $504.75 and a 200 day moving average price of $500.78. 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 announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 EPS. Sell-side analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPGI. Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets decreased their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Stifel Nicolaus lifted their price target 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. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. 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.com, S&P Global has an average rating of “Moderate Buy” and an average target price 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.