S&P Global Inc. (NYSE:SPGI) Stock Position Boosted by Burney Co.

Burney Co. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 34.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,864 shares of the business services provider’s stock after buying an additional 474 shares during the quarter. Burney Co.’s holdings in S&P Global were worth $928,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Wolff Wiese Magana LLC lifted its position in S&P Global by 8.3% in the fourth quarter. Wolff Wiese Magana LLC now owns 485 shares of the business services provider’s stock worth $242,000 after purchasing an additional 37 shares during the period. S.E.E.D. Planning Group LLC bought a new stake in shares of S&P Global in the 4th quarter worth $458,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of S&P Global by 78.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,734 shares of the business services provider’s stock valued at $2,358,000 after buying an additional 2,074 shares during the period. Park Avenue Securities LLC boosted its stake in S&P Global by 21.1% during the fourth quarter. Park Avenue Securities LLC now owns 13,232 shares of the business services provider’s stock valued at $6,590,000 after buying an additional 2,310 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its holdings in S&P Global by 8.0% during the fourth quarter. Kathmere Capital Management LLC now owns 1,233 shares of the business services provider’s stock worth $614,000 after acquiring an additional 91 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 1.7 %

Shares of S&P Global stock opened at $504.95 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a market cap of $156.69 billion, a P/E ratio of 44.57, a P/E/G ratio of 2.22 and a beta of 1.20. 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 stock has a 50-day moving average price of $504.61 and a 200 day moving average price of $500.36.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates 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 revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 earnings per share. As a group, analysts expect that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SPGI shares. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Robert W. Baird increased their target price 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. JPMorgan Chase & Co. decreased 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 research report on Friday, October 25th. Wells Fargo & Company cut their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.