S&P Global Inc. (NYSE:SPGI) Shares Bought by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 485 shares of the business services provider’s stock after purchasing an additional 37 shares during the period. Wolff Wiese Magana LLC’s holdings in S&P Global were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Oppenheimer & Co. Inc. lifted its holdings in shares of S&P Global by 13.6% during the second quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock valued at $1,809,000 after purchasing an additional 487 shares during the last quarter. Wealthspire Advisors LLC boosted its holdings in shares of S&P Global by 21.1% in the second quarter. Wealthspire Advisors LLC now owns 672 shares of the business services provider’s stock worth $300,000 after buying an additional 117 shares during the period. Angeles Investment Advisors LLC purchased a new position in shares of S&P Global in the second quarter worth approximately $206,000. Dimensional Fund Advisors LP raised its holdings in shares of S&P Global by 7.3% during the second quarter. Dimensional Fund Advisors LP now owns 785,803 shares of the business services provider’s stock valued at $350,483,000 after acquiring an additional 53,188 shares during the period. Finally, WealthPLAN Partners LLC boosted its position in shares of S&P Global by 5.4% in the second quarter. WealthPLAN Partners LLC now owns 7,622 shares of the business services provider’s stock worth $3,399,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. BMO Capital Markets reduced 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 note on Friday, October 25th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. JPMorgan Chase & Co. reduced their price objective on shares of 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. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

S&P Global stock opened at $490.23 on Wednesday. The stock has a 50-day simple moving average of $504.46 and a 200 day simple moving average of $500.38. The stock has a market capitalization of $152.12 billion, a price-to-earnings ratio of 43.27, a P/E/G ratio of 2.53 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 Inc. has a 12-month low of $407.69 and a 12-month high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results 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. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.21 EPS. On average, research analysts anticipate that S&P Global Inc. will post 15.24 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.