Trust Co. of Oklahoma Buys 114 Shares of S&P Global Inc. (NYSE:SPGI)

Trust Co. of Oklahoma boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,844 shares of the business services provider’s stock after purchasing an additional 114 shares during the quarter. Trust Co. of Oklahoma’s holdings in S&P Global were worth $1,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global in the third quarter worth $224,976,000. FMR LLC grew its holdings in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 0.1 %

NYSE SPGI opened at $510.64 on Thursday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a 50-day simple moving average of $504.77 and a 200 day simple moving average of $502.32. 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 company has a market capitalization of $158.45 billion, a PE ratio of 45.07, a P/E/G ratio of 2.35 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the business posted $3.21 EPS. S&P Global’s revenue was up 15.9% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 15.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on SPGI. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Morgan Stanley increased their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets lifted their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.