Blue Trust Inc. Grows Stake in S&P Global Inc. (NYSE:SPGI)

Blue Trust Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 26.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,928 shares of the business services provider’s stock after buying an additional 1,031 shares during the quarter. Blue Trust Inc.’s holdings in S&P Global were worth $2,546,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. First National Corp MA ADV raised its position in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. lifted its position in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after buying an additional 20 shares during the period. Headinvest LLC boosted its holdings in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. Finally, EWA LLC grew its position in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $520.75 on Tuesday. The firm has a market capitalization of $161.59 billion, a PE ratio of 45.96, a P/E/G ratio of 2.36 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $505.03 and a 200-day moving average price of $503.35. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPGI shares. Oppenheimer dropped their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. UBS Group boosted their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Evercore ISI began coverage on S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Finally, BMO Capital Markets increased their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.