Empirical Financial Services LLC d.b.a. Empirical Wealth Management Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in S&P Global Inc. (NYSE:SPGI) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,270 shares of the business services provider’s stock after buying an additional 135 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in S&P Global were worth $1,629,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on SPGI shares. JPMorgan Chase & Co. lowered their price target on shares of 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 started coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target for the company. Stifel Nicolaus upped 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. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley raised 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. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Up 1.4 %

Shares of SPGI opened at $520.75 on Tuesday. The stock has a 50 day moving average price of $505.03 and a 200 day moving average price of $503.35. S&P Global Inc. has a one year low of $407.69 and a one year 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. The stock has a market capitalization of $161.59 billion, a price-to-earnings ratio of 45.96, a PEG ratio of 2.36 and a beta of 1.20.

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.