S&P Global Inc. (NYSE:SPGI) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 700.0% in the 4th quarter, HoldingsChannel reports. The firm owned 72 shares of the business services provider’s stock after acquiring an additional 63 shares during the quarter. Sound Income Strategies LLC’s holdings in S&P Global were worth $36,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in 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 acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SPGI. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. UBS Group increased their target price on shares of 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 boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Up 0.0 %

Shares of SPGI stock opened at $513.64 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a market cap of $159.38 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. 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 business’s 50 day moving average is $505.03 and its two-hundred day moving average is $502.79.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate 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 quarterly 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 EPS. Equities analysts predict that S&P Global Inc. will post 15.33 EPS for the current year.

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.