Global X Japan Co. Ltd. Raises Stock Position in S&P Global Inc. $SPGI

Global X Japan Co. Ltd. raised its position in S&P Global Inc. (NYSE:SPGI) by 235.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,408 shares of the business services provider’s stock after acquiring an additional 3,095 shares during the period. Global X Japan Co. Ltd.’s holdings in S&P Global were worth $2,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the 2nd quarter worth $26,000. MTM Investment Management LLC acquired a new stake in S&P Global in the second quarter worth about $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after acquiring an additional 31 shares during the last quarter. eCIO Inc. acquired a new position in shares of S&P Global during the first quarter valued at about $32,000. Finally, Activest Wealth Management raised its position in shares of S&P Global by 3,250.0% in the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of S&P Global stock opened at $525.17 on Wednesday. The firm has a market cap of $159.02 billion, a PE ratio of 38.19, a P/E/G ratio of 2.71 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. 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 business has a 50-day moving average price of $494.02 and a 200 day moving average price of $514.47.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. Morgan Stanley boosted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Evercore ISI increased their price objective on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Wells Fargo & Company raised their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Finally, JPMorgan Chase & Co. cut their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average target price of $614.93.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.