Avanza Fonder AB Acquires Shares of 22,918 S&P Global Inc. (NYSE:SPGI)

Avanza Fonder AB bought a new stake in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,918 shares of the business services provider’s stock, valued at approximately $11,414,000.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. Geode Capital Management LLC lifted its stake in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the period. FMR LLC boosted its holdings in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares in the last quarter. Legal & General Group Plc grew its position in S&P Global by 1.0% during the second quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after buying an additional 29,227 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after buying an additional 28,458 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $504.36 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a market capitalization of $156.50 billion, a price-to-earnings ratio of 44.72, a PEG ratio of 2.22 and a beta of 1.20. The business has a 50-day moving average of $504.61 and a 200-day moving average of $500.36.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. 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 research report on Friday, October 25th. Finally, Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $583.62.

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.