WestEnd Advisors LLC Has $38.84 Million Holdings in S&P Global Inc. $SPGI

WestEnd Advisors LLC increased its holdings in S&P Global Inc. (NYSE:SPGI) by 1,139,914.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,801 shares of the business services provider’s stock after acquiring an additional 79,794 shares during the period. WestEnd Advisors LLC’s holdings in S&P Global were worth $38,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Railway Pension Investments Ltd lifted its position in shares of S&P Global by 76.0% in the third quarter. Railway Pension Investments Ltd now owns 327,200 shares of the business services provider’s stock worth $159,252,000 after purchasing an additional 141,300 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in S&P Global by 4.4% during the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock valued at $83,510,000 after purchasing an additional 7,179 shares during the last quarter. Trust Co. of Oklahoma grew its stake in shares of S&P Global by 1.7% in the 3rd quarter. Trust Co. of Oklahoma now owns 3,010 shares of the business services provider’s stock valued at $1,465,000 after buying an additional 51 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in S&P Global by 3.3% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,668 shares of the business services provider’s stock valued at $2,272,000 after acquiring an additional 150 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in S&P Global by 8.2% in the third quarter. Global Retirement Partners LLC now owns 2,631 shares of the business services provider’s stock worth $1,280,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. BMO Capital Markets set a $546.00 price target on shares of S&P Global in a report on Friday, November 14th. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Evercore ISI boosted their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Citigroup increased their price objective on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Finally, Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global Stock Down 1.9%

SPGI stock opened at $512.69 on Monday. The stock has a market capitalization of $155.24 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The company has a 50-day moving average of $501.09 and a two-hundred day moving average of $515.44. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

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

S&P Global 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.