Park Edge Advisors LLC Buys Shares of 1,102 S&P Global Inc. (NYSE:SPGI)

Park Edge Advisors LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,102 shares of the business services provider’s stock, valued at approximately $549,000.

Other institutional investors have also modified their holdings of the company. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth approximately $31,000. HWG Holdings LP purchased a new stake in S&P Global in the 2nd quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. lifted its stake 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. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $513.64 on Friday. The stock has a market capitalization of $159.38 billion, a P/E ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20. The firm’s 50-day moving average price is $505.03 and its two-hundred day moving average price is $502.79. 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.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $3.21 earnings per share. As a group, sell-side analysts forecast that S&P Global Inc. will post 15.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent research reports. Evercore ISI started 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. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note 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. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, UBS Group boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

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.