Cvfg LLC Invests $1.13 Million in S&P Global Inc. (NYSE:SPGI)

Cvfg LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,266 shares of the business services provider’s stock, valued at approximately $1,129,000. S&P Global accounts for approximately 1.0% of Cvfg LLC’s holdings, making the stock its 25th largest holding.

A number of other large investors have also added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the third quarter worth about $27,000. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $31,000. HWG Holdings LP bought a new position in S&P Global in the second quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley upped their price objective on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased 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. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group raised their price target 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. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Stock Up 1.7 %

NYSE:SPGI opened at $504.95 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market cap of $156.69 billion, a PE ratio of 44.57, a P/E/G ratio of 2.22 and a beta of 1.20. The firm’s 50 day simple moving average is $504.61 and its 200 day simple moving average is $500.36.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. On average, research analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.