S&P Global Inc. (NYSE:SPGI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,502 shares of the business services provider’s stock after buying an additional 469 shares during the quarter. GAMMA Investing LLC’s holdings in S&P Global were worth $1,744,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter worth approximately $29,000. Sachetta LLC grew its holdings in S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after acquiring an additional 30 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the 3rd quarter valued at $31,000. Finally, HWG Holdings LP acquired a new stake in shares of S&P Global in the 2nd quarter valued at $27,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday. Wells Fargo & Company lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, UBS Group lifted 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $574.43.

S&P Global Price Performance

SPGI stock opened at $499.57 on Friday. The stock has a 50-day moving average price of $503.74 and a two-hundred day moving average price of $496.87. The company has a market cap of $155.02 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. 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 Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last posted its 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 firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 EPS. As a group, research analysts predict that S&P Global Inc. will post 15.24 EPS 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.