Brooklyn Investment Group Has $1.27 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Brooklyn Investment Group grew its position in S&P Global Inc. (NYSE:SPGI) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,557 shares of the business services provider’s stock after purchasing an additional 75 shares during the period. Brooklyn Investment Group’s holdings in S&P Global were worth $1,273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Merit Financial Group LLC boosted its holdings in shares of S&P Global by 11.0% during the fourth quarter. Merit Financial Group LLC now owns 20,070 shares of the business services provider’s stock worth $9,996,000 after purchasing an additional 1,982 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after purchasing an additional 23 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of S&P Global by 4.1% during the fourth quarter. Chemistry Wealth Management LLC now owns 4,766 shares of the business services provider’s stock worth $2,374,000 after purchasing an additional 186 shares during the period. Relyea Zuckerberg Hanson LLC boosted its holdings in shares of S&P Global by 4.8% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 1,670 shares of the business services provider’s stock worth $832,000 after purchasing an additional 76 shares during the period. Finally, Avanza Fonder AB acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $11,414,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SPGI. Stifel Nicolaus raised their price target 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. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Wells Fargo & Company cut their price objective on shares of 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. Finally, UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Trading Down 0.7 %

NYSE:SPGI opened at $501.70 on Friday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a P/E/G ratio of 2.22 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. The company’s 50 day moving average is $504.77 and its 200-day moving average is $500.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 business 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 firm posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. Equities analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global 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.