UMB Bank n.a. Grows Position in S&P Global Inc. (NYSE:SPGI)

UMB Bank n.a. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,834 shares of the business services provider’s stock after buying an additional 144 shares during the period. UMB Bank n.a.’s holdings in S&P Global were worth $3,902,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new position in shares of 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 during the third quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter worth $31,000. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at $27,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of 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 during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI opened at $501.70 on Tuesday. The company has a market capitalization 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 52-week low of $407.69 and a 52-week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $504.75 and a 200 day moving average price of $501.49.

S&P Global (NYSE:SPGI) last issued its earnings results 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. 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 analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Research analysts predict that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SPGI has been the subject of several research reports. BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Finally, UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.