CX Institutional Buys 2,560 Shares of S&P Global Inc. $SPGI

CX Institutional grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 21.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,465 shares of the business services provider’s stock after acquiring an additional 2,560 shares during the quarter. CX Institutional’s holdings in S&P Global were worth $7,040,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in SPGI. Norges Bank bought a new stake in S&P Global in the 2nd quarter worth approximately $2,188,945,000. Valeo Financial Advisors LLC boosted its stake in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of S&P Global by 3,430.6% in 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 period. TCI Fund Management Ltd. increased its position in S&P Global by 7.0% during 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 acquiring an additional 730,354 shares during the last quarter. Finally, ABN AMRO Bank N.V. bought a new position in S&P Global in the second quarter valued at about $310,348,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on SPGI. Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Citigroup increased their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Morgan Stanley lifted their price target 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, Evercore ISI upped their price objective on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $537.48 on Thursday. The stock has a market cap 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 Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The firm has a fifty day moving average price of $504.03 and a 200-day moving average price of $516.05. 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 released 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 company had revenue of $1.87 billion for the quarter. Equities analysts anticipate 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.