PFW Advisors LLC Invests $203,000 in S&P Global Inc. (NYSE:SPGI)

PFW Advisors LLC bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 408 shares of the business services provider’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the third quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global in the third quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. grew its stake in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

SPGI stock traded down $0.56 during midday trading on Monday, reaching $482.16. 1,461,761 shares of the company’s stock traded hands, compared to its average volume of 1,314,391. The firm has a market capitalization of $149.61 billion, a PE ratio of 42.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a 50-day moving average price of $504.66 and a two-hundred day moving average price of $499.88. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets cut their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus upped their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Evercore ISI assumed coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

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.