S&P Global Inc. (NYSE:SPGI) Shares Acquired by Traveka Wealth LLC

Traveka Wealth LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 11.6% during the fourth quarter, HoldingsChannel reports. The fund owned 751 shares of the business services provider’s stock after purchasing an additional 78 shares during the period. Traveka Wealth LLC’s holdings in S&P Global were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nordea Investment Management AB grew its holdings in shares of 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 purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management boosted its position 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 purchasing an additional 1,801 shares during the period. Sanctuary Advisors LLC grew its stake 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 worth $14,198,000 after buying an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in S&P Global during the third quarter worth approximately $27,170,000. Finally, Pinnacle Financial Partners Inc lifted its stake in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after buying an additional 1,806 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.1 %

Shares of SPGI stock opened at $482.16 on Tuesday. The business’s fifty day moving average price is $504.58 and its 200 day moving average price is $500.12. The firm 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 debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1-year low of $407.69 and a 1-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 EPS for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $3.21 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SPGI shares. BMO Capital Markets lowered their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Morgan Stanley raised their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $583.62.

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.