Addenda Capital Inc. Purchases 7,439 Shares of S&P Global Inc. $SPGI

Addenda Capital Inc. raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 39.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,066 shares of the business services provider’s stock after purchasing an additional 7,439 shares during the quarter. Addenda Capital Inc.’s holdings in S&P Global were worth $12,687,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. raised its stake in shares of S&P Global by 4.1% in the second quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after purchasing an additional 850 shares during the last quarter. Divergent Planning LLC bought a new stake in S&P Global during the second quarter worth $303,000. Vanguard Group Inc. grew its holdings in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after buying an additional 315,916 shares in the last quarter. Ninety One UK Ltd raised its position in S&P Global by 0.8% in the 2nd quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock valued at $489,620,000 after buying an additional 7,553 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in S&P Global by 6.3% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock valued at $6,568,000 after acquiring an additional 733 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research note on Monday. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Mizuho lifted their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Finally, Evercore ISI boosted their target price on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global Trading Down 0.8%

Shares of SPGI stock opened at $506.27 on Friday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a market cap of $153.30 billion, a P/E ratio of 36.82, a PEG ratio of 2.65 and a beta of 1.19. The company has a 50 day moving average of $491.88 and a 200-day moving average of $514.39. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion during the quarter. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

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.