S&P Global Inc. (NYSE:SPGI) Shares Bought by RMR Wealth Builders

RMR Wealth Builders increased its stake in S&P Global Inc. (NYSE:SPGI) by 6.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,060 shares of the business services provider’s stock after acquiring an additional 189 shares during the quarter. RMR Wealth Builders’ holdings in S&P Global were worth $1,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global in the third quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth about $31,000. HWG Holdings LP acquired a new stake in S&P Global during the 2nd quarter worth about $27,000. Finally, Voisard Asset Management Group Inc. grew its stake in S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

NYSE:SPGI traded down $12.69 during midday trading on Friday, reaching $483.17. The stock had a trading volume of 1,155,649 shares, compared to its average volume of 1,276,712. S&P Global Inc. has a 1-year low of $407.69 and a 1-year 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 stock has a market capitalization of $149.93 billion, a P/E ratio of 42.65, a PEG ratio of 2.53 and a beta of 1.20. The firm’s fifty day simple moving average is $504.66 and its 200-day simple moving average is $498.90.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $3.21 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday. 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 research note on Friday, October 25th. Barclays upped their price target on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, Morgan Stanley upped 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. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.