Benjamin Edwards Inc. Boosts Stake in S&P Global Inc. $SPGI

Benjamin Edwards Inc. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 98,481 shares of the business services provider’s stock after buying an additional 1,764 shares during the period. Benjamin Edwards Inc.’s holdings in S&P Global were worth $47,948,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SPGI. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global during the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC purchased a new position in S&P Global in the second quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its holdings in 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 valued at $31,000 after purchasing an additional 31 shares during the period. eCIO Inc. bought a new position in S&P Global during the first quarter valued at $32,000. Finally, Spurstone Advisory Services LLC purchased a new stake in S&P Global in the second quarter worth $34,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on SPGI. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. JPMorgan Chase & Co. lowered their price objective on 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. Stifel Nicolaus cut their target price on shares of 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. Morgan Stanley lifted their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Finally, BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global Trading Down 0.4%

Shares of SPGI stock opened at $537.48 on Thursday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The business’s fifty day moving average is $504.03 and its 200 day moving average is $516.05. 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 company has a market capitalization of $162.75 billion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21.

S&P Global (NYSE:SPGI) last announced 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 return on equity of 15.90% and a net margin of 28.10%.The business had revenue of $1.87 billion for the quarter. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

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.