Financial & Tax Architects LLC Has $6.97 Million Position in S&P Global Inc. (NYSE:SPGI)

Financial & Tax Architects LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 4.2% during the fourth quarter, HoldingsChannel reports. The firm owned 13,989 shares of the business services provider’s stock after acquiring an additional 561 shares during the quarter. S&P Global accounts for 1.8% of Financial & Tax Architects LLC’s holdings, making the stock its 13th largest position. Financial & Tax Architects LLC’s holdings in S&P Global were worth $6,967,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. HWG Holdings LP bought a new position in shares of S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services bought a new position in S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in S&P Global during the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

Shares of NYSE:SPGI traded down $3.46 during mid-day trading on Friday, reaching $501.70. The company had a trading volume of 1,723,897 shares, compared to its average volume of 1,055,581. The company’s 50-day moving average price is $504.77 and its 200-day moving average price is $500.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the firm posted $3.21 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Company 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.