Kathmere Capital Management LLC Increases Stake in S&P Global Inc. (NYSE:SPGI)

Kathmere Capital Management LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,233 shares of the business services provider’s stock after acquiring an additional 91 shares during the quarter. Kathmere Capital Management LLC’s holdings in S&P Global were worth $614,000 at the end of the most recent reporting period.

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

S&P Global Stock Performance

SPGI stock opened at $497.00 on Thursday. The firm has a 50-day simple moving average of $504.46 and a two-hundred day simple moving average of $500.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market cap of $154.22 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating 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 net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm earned $3.21 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SPGI. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets dropped their target price 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. Robert W. Baird lifted their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Finally, UBS Group increased their price objective 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 research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $583.62.

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.