Aspiriant LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Aspiriant LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 24.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 490 shares of the business services provider’s stock after purchasing an additional 96 shares during the period. Aspiriant LLC’s holdings in S&P Global were worth $244,000 as of its most recent filing with the Securities & Exchange Commission.

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

S&P Global Price Performance

Shares of SPGI opened at $509.79 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $504.64 and its 200-day moving average price is $501.86. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market capitalization of $158.19 billion, a PE ratio of 45.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted 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 return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts predict that S&P Global Inc. will post 15.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SPGI shares. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley lifted their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.