Griffin Asset Management Inc. Has $859,000 Stake in S&P Global Inc. (NYSE:SPGI)

Griffin Asset Management Inc. lowered its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,725 shares of the business services provider’s stock after selling 50 shares during the period. Griffin Asset Management Inc.’s holdings in S&P Global were worth $859,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. HWG Holdings LP bought a new position in shares of S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global in the third quarter valued at about $27,000. First Personal Financial Services bought a new position in S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its holdings in shares of 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 worth $32,000 after purchasing an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Stifel Nicolaus upped their price target 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. Finally, UBS Group raised their price objective 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $520.75 on Tuesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a 50-day moving average price of $505.03 and a two-hundred day moving average price of $503.35. 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 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.

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.