Accelerate Investment Advisors LLC Acquires 200 Shares of S&P Global Inc. (NYSE:SPGI)

Accelerate Investment Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 34.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 773 shares of the business services provider’s stock after acquiring an additional 200 shares during the period. Accelerate Investment Advisors LLC’s holdings in S&P Global were worth $385,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in shares of S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. raised its stake in S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares during the last quarter. Headinvest LLC raised its stake in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares during the last quarter. Finally, EWA LLC raised its stake in S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 20 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. UBS Group upped their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Price Performance

SPGI traded down $0.22 during midday trading on Monday, hitting $482.50. The company had a trading volume of 534,184 shares, compared to its average volume of 1,184,697. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $149.72 billion, a PE ratio of 42.59, a P/E/G ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm’s 50-day simple moving average is $504.66 and its 200-day simple moving average is $499.88.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 EPS. Equities research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.