Wolff Wiese Magana LLC Buys 37 Shares of S&P Global Inc. (NYSE:SPGI)

Wolff Wiese Magana LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 485 shares of the business services provider’s stock after purchasing an additional 37 shares during the quarter. Wolff Wiese Magana LLC’s holdings in S&P Global were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Nordea Investment Management AB raised its position in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. GDS Wealth Management lifted its stake in S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas acquired a new position in S&P Global during the third quarter worth approximately $27,170,000. Finally, Pinnacle Financial Partners Inc raised its stake in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after buying an additional 1,806 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 1.2 %

Shares of SPGI stock opened at $490.23 on Wednesday. The company has a market cap of $152.12 billion, a P/E ratio of 43.27, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. 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 stock has a 50 day simple moving average of $504.46 and a two-hundred day simple moving average of $500.38.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the firm earned $3.21 EPS. The business’s revenue was up 15.9% on a year-over-year basis. Research analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SPGI. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Morgan Stanley upped their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two research 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 has an average rating of “Moderate Buy” and a consensus price target of $583.62.

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.