Bourgeon Capital Management LLC Invests $864,000 in S&P Global Inc. (NYSE:SPGI)

Bourgeon Capital Management LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, HoldingsChannel reports. The firm purchased 1,734 shares of the business services provider’s stock, valued at approximately $864,000.

Other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in S&P Global in the third quarter worth $224,976,000. FMR LLC increased its position in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $509.79 on Wednesday. The firm has a market capitalization of $158.19 billion, a price-to-earnings ratio of 45.00, a PEG ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $504.64 and a 200 day simple moving average of $501.86. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last issued its 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the business earned $3.21 EPS. The firm’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts expect that S&P Global Inc. will post 15.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on SPGI. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. BMO Capital Markets lifted their price target on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday. Robert W. Baird upped their price objective on shares of 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 lifted their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, 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 target price for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

About S&P Global

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.