Fifth Third Wealth Advisors LLC Has $2.09 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Fifth Third Wealth Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,205 shares of the business services provider’s stock after buying an additional 238 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in S&P Global were worth $2,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. Northwest Investment Counselors LLC acquired a new position in S&P Global in the third quarter worth approximately $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the 3rd quarter valued at $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the third quarter worth $31,000. HWG Holdings LP acquired a new stake in S&P Global in the 2nd quarter worth approximately $27,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $483.68 on Wednesday. The business has a fifty day moving average of $504.46 and a 200-day moving average of $500.38. The firm has a market cap of $150.09 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets lowered their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Morgan Stanley increased their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus increased their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.62.

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.