22,918 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Avanza Fonder AB

Avanza Fonder AB bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 22,918 shares of the business services provider’s stock, valued at approximately $11,414,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Moors & Cabot Inc. grew its position in shares of S&P Global by 12.4% during the second quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock worth $1,035,000 after acquiring an additional 256 shares during the last quarter. Edgestream Partners L.P. boosted its stake in S&P Global by 45.7% during the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after purchasing an additional 563 shares during the period. Axxcess Wealth Management LLC grew its position in S&P Global by 28.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock worth $1,177,000 after purchasing an additional 582 shares during the last quarter. E Fund Management Co. Ltd. increased its stake in shares of S&P Global by 261.1% in the second quarter. E Fund Management Co. Ltd. now owns 1,755 shares of the business services provider’s stock valued at $783,000 after purchasing an additional 1,269 shares during the period. Finally, Argent Trust Co raised its holdings in shares of S&P Global by 1.6% during the second quarter. Argent Trust Co now owns 5,644 shares of the business services provider’s stock valued at $2,517,000 after buying an additional 91 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer decreased their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Citigroup began coverage on 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 research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Down 0.2 %

NYSE SPGI opened at $504.36 on Friday. The company has a market capitalization of $156.50 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. 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 stock’s 50 day moving average is $504.61 and its two-hundred day moving average is $500.36.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results 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 for 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%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 EPS. Equities analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

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.