HB Wealth Management LLC Acquires 1,391 Shares of S&P Global Inc. (NYSE:SPGI)

HB Wealth Management LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 22.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,542 shares of the business services provider’s stock after purchasing an additional 1,391 shares during the period. HB Wealth Management LLC’s holdings in S&P Global were worth $3,756,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SPGI. HWG Holdings LP bought a new stake in S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. raised its position in 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 valued at $32,000 after purchasing an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.7 %

Shares of SPGI stock opened at $501.70 on Monday. The stock has a 50-day moving average of $504.75 and a 200-day moving average of $501.13. 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 market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

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

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Morgan Stanley boosted their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Wells Fargo & Company decreased their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

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.