Traveka Wealth LLC Boosts Stake in S&P Global Inc. (NYSE:SPGI)

Traveka Wealth LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 751 shares of the business services provider’s stock after purchasing an additional 78 shares during the period. Traveka Wealth LLC’s holdings in S&P Global were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. raised its position in 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 worth $32,000 after acquiring an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $482.16 on Tuesday. The company has a market cap of $149.61 billion, a price-to-earnings ratio of 42.56, a price-to-earnings-growth 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 52 week low of $407.69 and a 52 week high of $533.29. The company has a fifty day simple moving average of $504.58 and a two-hundred day simple moving average of $500.12.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.21 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. BMO Capital Markets cut their target price 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. Morgan Stanley boosted their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. 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 company presently has a consensus rating of “Moderate Buy” and a consensus 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.