Clear Harbor Asset Management LLC grew its position in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 0.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,849 shares of the business services provider’s stock after purchasing an additional 93 shares during the period. Clear Harbor Asset Management LLC’s holdings in S&P Global were worth $6,399,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Nordea Investment Management AB lifted its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the last quarter. GDS Wealth Management lifted its position in S&P Global by 7.0% in the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of S&P Global in the third quarter worth approximately $27,170,000. Finally, Eastern Bank increased its stake in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after buying an additional 1,530 shares during the period. 87.17% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
SPGI has been the topic of a number of recent analyst reports. 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. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $583.62.
S&P Global Stock Down 0.7 %
Shares of S&P Global stock opened at $501.70 on Tuesday. The company has a 50-day simple moving average of $504.75 and a two-hundred day simple moving average of $501.49. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. 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 stock has a market capitalization of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20.
S&P Global (NYSE:SPGI – Get Free Report) last issued its earnings results 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. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $3.21 EPS. On average, analysts anticipate that S&P Global Inc. will post 15.3 EPS for the current fiscal year.
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.
Featured Stories
- Five stocks we like better than S&P Global
- Best Stocks Under $5.00
- Transports Are Trending Higher: It’s a Golden Time to Buy More
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- A Hidden Winner in Manufacturing and Energy Set for a Breakout
- The Basics of Support and Resistance
- Beyond Rigetti: Top 3 Quantum Computing Stock Picks
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI – Free Report).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.