Goldstone Financial Group LLC Buys 51 Shares of S&P Global Inc. (NYSE:SPGI)

Goldstone Financial Group LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 10.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 561 shares of the business services provider’s stock after buying an additional 51 shares during the quarter. Goldstone Financial Group LLC’s holdings in S&P Global were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. HWG Holdings LP bought a new stake in S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. increased its holdings 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 in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.7 %

NYSE:SPGI opened at $501.70 on Friday. 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 12-month low of $407.69 and a 12-month high of $533.29. The stock’s fifty day simple moving average is $504.77 and its 200-day simple moving average is $500.39. The firm has a market capitalization of $155.68 billion, a P/E ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued 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. The firm had revenue of $3.58 billion for 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 company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.21 earnings per share. Equities research analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. 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 report on Friday, January 10th. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Finally, BMO Capital Markets dropped their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.