Goldstone Financial Group LLC Has $279,000 Stake in S&P Global Inc. (NYSE:SPGI)

Goldstone Financial Group LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 10.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 561 shares of the business services provider’s stock after purchasing an additional 51 shares during the period. Goldstone Financial Group LLC’s holdings in S&P Global were worth $279,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in shares of 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 in the last quarter. GDS Wealth Management lifted its position 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 worth $14,134,000 after buying an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of 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 buying an additional 3,093 shares during the period. Oddo BHF Asset Management Sas purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,170,000. Finally, Pinnacle Financial Partners Inc increased its stake in shares of 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 worth $24,645,000 after acquiring an additional 1,806 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus boosted their target price 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. BMO Capital Markets lowered their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Price Performance

NYSE:SPGI opened at $501.70 on Friday. 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 has a market cap of $155.68 billion, a P/E ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. The company has a fifty day moving average price of $504.77 and a 200 day moving average price of $500.39. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

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, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $3.21 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts anticipate that S&P Global Inc. will post 15.25 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.