S&P Global Inc. $SPGI Shares Acquired by Railway Pension Investments Ltd

Railway Pension Investments Ltd boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 76.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 327,200 shares of the business services provider’s stock after purchasing an additional 141,300 shares during the quarter. S&P Global comprises 2.2% of Railway Pension Investments Ltd’s investment portfolio, making the stock its 19th largest holding. Railway Pension Investments Ltd owned 0.11% of S&P Global worth $159,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 143 shares during the period. Trexquant Investment LP acquired a new position in shares of S&P Global during the first quarter worth about $1,043,000. Gotham Asset Management LLC raised its holdings in S&P Global by 21.9% during the first quarter. Gotham Asset Management LLC now owns 25,422 shares of the business services provider’s stock worth $12,917,000 after purchasing an additional 4,568 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in S&P Global by 6.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,603 shares of the business services provider’s stock worth $2,339,000 after purchasing an additional 275 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in S&P Global by 1.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,441 shares of the business services provider’s stock valued at $20,547,000 after purchasing an additional 659 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Stifel Nicolaus cut their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Finally, JPMorgan Chase & Co. lowered 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 research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $614.93.

S&P Global Trading Down 1.9%

NYSE:SPGI opened at $512.69 on Monday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week 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 stock has a fifty day simple moving average of $501.09 and a 200-day simple moving average of $515.44. The company has a market capitalization of $155.24 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $1.87 billion during the quarter. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

About S&P Global

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.