Community Trust & Investment Co. Increases Stock Holdings in S&P Global Inc. $SPGI

Community Trust & Investment Co. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,917 shares of the business services provider’s stock after purchasing an additional 1,275 shares during the period. Community Trust & Investment Co.’s holdings in S&P Global were worth $14,074,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SPGI. Norges Bank acquired a new stake in shares of S&P Global during the 2nd quarter worth approximately $2,188,945,000. Valeo Financial Advisors LLC grew its position in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after acquiring an additional 3,163,938 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after acquiring an additional 1,510,540 shares during the last quarter. TCI Fund Management Ltd. raised its position in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Finally, ABN AMRO Bank N.V. purchased a new stake in S&P Global in the second quarter valued at $310,348,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. Morgan Stanley lifted their price target on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Citigroup upped their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Two equities research 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 stock has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global Stock Up 4.0%

Shares of SPGI opened at $533.27 on Tuesday. The company’s 50-day simple moving average is $501.83 and its 200-day simple moving average is $515.65. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The stock has a market capitalization of $161.47 billion, a PE ratio of 38.78, a P/E/G ratio of 2.40 and a beta of 1.21.

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 net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $1.87 billion during the quarter. Analysts forecast 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.