1,734 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC bought a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,734 shares of the business services provider’s stock, valued at approximately $864,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter worth $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.6 %

SPGI stock opened at $509.79 on Wednesday. The company’s 50 day simple moving average is $504.64 and its 200-day simple moving average is $501.86. 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 current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $158.19 billion, a P/E ratio of 45.00, a P/E/G ratio of 2.32 and a beta of 1.20.

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. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.3 EPS for the current year.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of recent analyst reports. Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Wells Fargo & Company decreased their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

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.