Linden Thomas Advisory Services LLC Grows Stake in S&P Global Inc. (NYSE:SPGI)

Linden Thomas Advisory Services LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,314 shares of the business services provider’s stock after buying an additional 881 shares during the period. S&P Global accounts for 0.7% of Linden Thomas Advisory Services LLC’s portfolio, making the stock its 17th biggest position. Linden Thomas Advisory Services LLC’s holdings in S&P Global were worth $5,137,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thrivent Financial for Lutherans boosted its position in S&P Global by 2.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock valued at $6,553,000 after acquiring an additional 331 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of S&P Global by 35.3% during the second quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock valued at $14,147,000 after purchasing an additional 8,315 shares in the last quarter. APG Asset Management N.V. grew its stake in S&P Global by 221.1% in the second quarter. APG Asset Management N.V. now owns 39,209 shares of the business services provider’s stock worth $16,317,000 after purchasing an additional 27,000 shares during the period. Deerfield Management Company L.P. Series C purchased a new stake in S&P Global in the second quarter worth $364,000. Finally, Dark Forest Capital Management LP bought a new position in S&P Global in the second quarter worth $534,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley boosted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. 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 note on Friday, January 10th. JPMorgan Chase & Co. dropped their price target on 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. Finally, Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Up 0.0 %

S&P Global stock opened at $513.64 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a fifty day simple moving average of $505.03 and a two-hundred day simple moving average of $502.79. 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 firm has a market cap of $159.38 billion, a price-to-earnings ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20.

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, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.21 EPS. Equities analysts predict that S&P Global Inc. will post 15.33 EPS for the current fiscal 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.