PFW Advisors LLC Invests $203,000 in S&P Global Inc. (NYSE:SPGI)

PFW Advisors LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, HoldingsChannel reports. The fund acquired 408 shares of the business services provider’s stock, valued at approximately $203,000.

A number of other hedge funds also recently bought and sold shares of SPGI. Nordea Investment Management AB lifted its stake in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management lifted its stake in shares of 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 acquiring an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in S&P Global during the 3rd quarter valued at about $27,170,000. Finally, Pinnacle Financial Partners Inc grew its position in S&P Global by 3.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after acquiring an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SPGI shares. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Oppenheimer cut 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. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Down 0.1 %

Shares of S&P Global stock traded down $0.56 during trading on Monday, hitting $482.16. The company’s stock had a trading volume of 1,461,761 shares, compared to its average volume of 1,314,391. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a market capitalization of $149.61 billion, a PE ratio of 42.56, a P/E/G ratio of 2.53 and a beta of 1.20. The company has a fifty day simple moving average of $504.66 and a two-hundred day simple moving average of $499.88. 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 (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

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.