Whalen Wealth Management Inc. Purchases New Position in S&P Global Inc. (NYSE:SPGI)

Whalen Wealth Management Inc. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,390 shares of the business services provider’s stock, valued at approximately $692,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HWG Holdings LP acquired a new position in S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter valued at about $27,000. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. grew its holdings 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 acquiring an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Up 0.1 %

Shares of NYSE:SPGI opened at $510.64 on Thursday. The company has a 50 day moving average price of $504.77 and a two-hundred day moving average price of $502.32. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $158.45 billion, a PE ratio of 45.07, a PEG ratio of 2.35 and a beta of 1.20. 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 released its quarterly earnings data 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. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations 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. Analysts forecast that S&P Global Inc. will post 15.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on SPGI shares. Evercore ISI assumed coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. BMO Capital Markets raised their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley lifted their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.