Smart Money Group LLC Acquires 74 Shares of S&P Global Inc. (NYSE:SPGI)

Smart Money Group LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,434 shares of the business services provider’s stock after buying an additional 74 shares during the quarter. Smart Money Group LLC’s holdings in S&P Global were worth $714,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPGI. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Stock Performance

Shares of SPGI stock opened at $501.70 on Monday. The firm has a 50 day moving average of $504.75 and a 200-day moving average of $501.13. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the company posted $3.21 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current 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.