Ritholtz Wealth Management Purchases 193 Shares of S&P Global Inc. (NYSE:SPGI)

Ritholtz Wealth Management increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,685 shares of the business services provider’s stock after buying an additional 193 shares during the period. Ritholtz Wealth Management’s holdings in S&P Global were worth $3,828,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. West Coast Financial LLC raised its position in shares of S&P Global by 0.5% in the 4th quarter. West Coast Financial LLC now owns 17,452 shares of the business services provider’s stock valued at $8,692,000 after buying an additional 90 shares in the last quarter. Heritage Family Offices LLP increased its position in S&P Global by 6.0% in the 4th quarter. Heritage Family Offices LLP now owns 1,112 shares of the business services provider’s stock valued at $554,000 after acquiring an additional 63 shares during the period. Flywheel Private Wealth LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $219,000. RMR Wealth Builders boosted its stake in shares of S&P Global by 6.6% in the 4th quarter. RMR Wealth Builders now owns 3,060 shares of the business services provider’s stock valued at $1,524,000 after purchasing an additional 189 shares during the last quarter. Finally, USA Financial Formulas bought a new stake in shares of S&P Global in the 4th quarter valued at $180,000. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SPGI shares. Morgan Stanley increased their target price on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. UBS Group increased their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus increased their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, Oppenheimer cut their target price 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. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Trading Up 1.7 %

S&P Global stock opened at $504.95 on Friday. The firm has a 50 day moving average of $504.61 and a 200 day moving average of $500.36. The firm has a market capitalization of $156.69 billion, a price-to-earnings ratio of 44.57, a P/E/G ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts predict that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.