Harrell Investment Partners LLC Has $2.79 Million Stake in S&P Global Inc. (NYSE:SPGI)

Harrell Investment Partners LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,593 shares of the business services provider’s stock after buying an additional 516 shares during the quarter. Harrell Investment Partners LLC’s holdings in S&P Global were worth $2,785,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

Several research firms have commented 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 report on Friday, January 10th. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lowered their price objective 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Up 0.0 %

NYSE:SPGI opened at $513.64 on Friday. The stock has a fifty day simple moving average of $505.03 and a 200-day simple moving average of $502.79. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The company has a market capitalization of $159.38 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.36 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 (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 EPS. On average, equities research analysts expect that S&P Global Inc. will post 15.33 earnings per share 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.