Gateway Investment Advisers LLC Has $10.93 Million Stake in S&P Global Inc. (NYSE:SPGI)

Gateway Investment Advisers LLC lowered its stake in S&P Global Inc. (NYSE:SPGI) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,948 shares of the business services provider’s stock after selling 154 shares during the period. Gateway Investment Advisers LLC’s holdings in S&P Global were worth $10,931,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in S&P Global in the 3rd quarter worth $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter valued at about $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the third quarter worth about $31,000. HWG Holdings LP acquired a new position in shares of S&P Global during the 2nd quarter worth about $27,000. Finally, Voisard Asset Management Group Inc. boosted its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $504.95 on Friday. The business has a 50 day simple moving average of $504.61 and a 200 day simple moving average of $500.36. 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 capitalization of $156.69 billion, a PE ratio of 44.57, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the business earned $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts forecast that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Finally, UBS Group increased 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. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $583.62.

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.