United Asset Strategies Inc. Buys 153 Shares of S&P Global Inc. (NYSE:SPGI)

United Asset Strategies Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,202 shares of the business services provider’s stock after buying an additional 153 shares during the quarter. United Asset Strategies Inc.’s holdings in S&P Global were worth $1,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. KBC Group NV boosted its stake in shares of S&P Global by 22.7% during the 4th quarter. KBC Group NV now owns 368,174 shares of the business services provider’s stock worth $183,361,000 after acquiring an additional 68,109 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in S&P Global during the fourth quarter valued at about $144,091,000. Capital Asset Advisory Services LLC increased its position in S&P Global by 3.6% in the fourth quarter. Capital Asset Advisory Services LLC now owns 838 shares of the business services provider’s stock worth $419,000 after buying an additional 29 shares in the last quarter. Blue Trust Inc. raised its stake in shares of S&P Global by 26.5% in the fourth quarter. Blue Trust Inc. now owns 4,928 shares of the business services provider’s stock worth $2,546,000 after buying an additional 1,031 shares during the period. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of S&P Global by 131.2% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 2,102 shares of the business services provider’s stock valued at $1,047,000 after buying an additional 1,193 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE:SPGI opened at $513.64 on Monday. The company has a market cap of $159.38 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock’s 50 day simple moving average is $505.03 and its two-hundred day simple moving average is $503.35. 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 results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. BMO Capital Markets increased their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average 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.