Fifth Third Wealth Advisors LLC Has $2.09 Million Stake in S&P Global Inc. (NYSE:SPGI)

Fifth Third Wealth Advisors LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,205 shares of the business services provider’s stock after acquiring an additional 238 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in S&P Global were worth $2,094,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Oppenheimer & Co. Inc. increased its stake in S&P Global by 13.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock worth $1,809,000 after purchasing an additional 487 shares in the last quarter. Wealthspire Advisors LLC raised its holdings in shares of S&P Global by 21.1% during the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock worth $300,000 after acquiring an additional 117 shares during the period. Angeles Investment Advisors LLC bought a new stake in S&P Global in the 2nd quarter valued at $206,000. Dimensional Fund Advisors LP boosted its stake in S&P Global by 7.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock worth $350,483,000 after purchasing an additional 53,188 shares during the period. Finally, WealthPLAN Partners LLC increased its holdings in S&P Global by 5.4% during the 2nd quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock worth $3,399,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.2 %

SPGI stock opened at $483.68 on Wednesday. The company has a market cap of $150.09 billion, a PE ratio of 42.69, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The business has a 50-day simple moving average of $504.46 and a 200 day simple moving average of $500.38.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SPGI. Wells Fargo & Company dropped their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

About S&P Global

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.