S&P Global Inc. (NYSE:SPGI) Shares Bought by Tompkins Financial Corp

Tompkins Financial Corp grew its stake in S&P Global Inc. (NYSE:SPGI) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 405 shares of the business services provider’s stock after buying an additional 125 shares during the quarter. Tompkins Financial Corp’s holdings in S&P Global were worth $202,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Nordea Investment Management AB grew its position in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management increased its stake in shares of S&P Global by 7.0% in the 3rd 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 in the last quarter. Sanctuary Advisors LLC raised its holdings in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas acquired a new position in S&P Global in the 3rd quarter worth about $27,170,000. Finally, Pinnacle Financial Partners Inc grew its holdings in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after purchasing an additional 1,806 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on SPGI. Citigroup assumed 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 for the company. Evercore ISI initiated 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 on the stock. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Finally, Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Up 1.7 %

Shares of NYSE:SPGI opened at $504.95 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market cap of $156.69 billion, a P/E ratio of 44.57, a PEG ratio of 2.22 and a beta of 1.20. The business has a fifty day moving average of $504.61 and a two-hundred day moving average of $500.36. 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 announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 firm 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 company posted $3.21 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.