S&P Global Inc. $SPGI Shares Acquired by Asset Advisors Investment Management LLC

Asset Advisors Investment Management LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 44.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,062 shares of the business services provider’s stock after acquiring an additional 1,864 shares during the quarter. Asset Advisors Investment Management LLC’s holdings in S&P Global were worth $2,950,000 as of its most recent SEC filing.

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

S&P Global Stock Performance

Shares of SPGI stock opened at $539.32 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $163.30 billion, a P/E ratio of 39.22, a P/E/G ratio of 2.49 and a beta of 1.21. The firm’s 50 day moving average price is $502.74 and its 200-day moving average price is $515.90. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

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. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company boosted 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 target price on shares of S&P Global in a research note on Tuesday, December 16th. BMO Capital Markets set a $546.00 price target on S&P Global in a report on Friday, November 14th. Finally, Mizuho upped their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Two investment 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.com, S&P Global has an average rating of “Buy” and a consensus 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.