Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in S&P Global Inc. (NYSE:SPGI) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,270 shares of the business services provider’s stock after buying an additional 135 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in S&P Global were worth $1,629,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPGI. Nordea Investment Management AB increased its stake in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares during the last quarter. GDS Wealth Management raised its holdings in S&P Global by 7.0% in the 3rd 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 period. Sanctuary Advisors LLC lifted its position in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in S&P Global during the third quarter worth about $27,170,000. Finally, Eastern Bank increased its position in shares of S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.4 %

S&P Global stock opened at $520.75 on Tuesday. The stock has a market cap of $161.59 billion, a PE ratio of 45.96, a P/E/G ratio of 2.36 and a beta of 1.20. 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 stock’s fifty day moving average is $505.03 and its two-hundred day moving average is $503.35. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

Analyst Ratings Changes

Several equities analysts have recently commented on SPGI shares. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock 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 report on Thursday, December 12th. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.