RMR Wealth Builders Purchases 189 Shares of S&P Global Inc. (NYSE:SPGI)

RMR Wealth Builders grew its position in S&P Global Inc. (NYSE:SPGI) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,060 shares of the business services provider’s stock after buying an additional 189 shares during the quarter. RMR Wealth Builders’ holdings in S&P Global were worth $1,524,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB raised its position in 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 purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management raised its holdings in shares of 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 buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC lifted its position in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in S&P Global in the 3rd quarter valued at about $27,170,000. Finally, Pinnacle Financial Partners Inc raised its stake in shares of 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 worth $24,645,000 after acquiring an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 2.6 %

Shares of SPGI traded down $12.69 during trading hours on Friday, reaching $483.17. The stock had a trading volume of 1,155,649 shares, compared to its average volume of 1,276,712. The firm has a 50-day moving average of $504.66 and a 200 day moving average of $498.90. 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 company has a market cap of $149.93 billion, a P/E ratio of 42.65, a P/E/G ratio of 2.53 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.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BMO Capital Markets lowered their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Barclays upped their price target on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Wells Fargo & Company cut 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 research report on Friday. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Company 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.