Threadgill Financial LLC Buys 670 Shares of S&P Global Inc. (NYSE:SPGI)

Threadgill Financial LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 40.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,342 shares of the business services provider’s stock after buying an additional 670 shares during the period. S&P Global comprises approximately 0.6% of Threadgill Financial LLC’s holdings, making the stock its 23rd largest position. Threadgill Financial LLC’s holdings in S&P Global were worth $1,166,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. HWG Holdings LP purchased a new stake in S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter worth $31,000. Finally, Voisard Asset Management Group Inc. lifted its position in 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. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Finally, UBS Group increased their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Down 2.6 %

Shares of NYSE:SPGI opened at $483.17 on Monday. The company has a market cap of $149.93 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. 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 50-day moving average price of $504.66 and a 200 day moving average price of $499.88.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company’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. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

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.