Janney Montgomery Scott LLC Acquires 459 Shares of S&P Global Inc. (NYSE:SPGI)

Janney Montgomery Scott LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 4th quarter, HoldingsChannel reports. The firm owned 84,320 shares of the business services provider’s stock after purchasing an additional 459 shares during the period. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $41,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SPGI. First National Corp MA ADV lifted its stake in S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its position in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 20 shares in the last quarter. Trust Point Inc. lifted its position in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares in the last quarter. Headinvest LLC increased its holdings in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Finally, EWA LLC raised its stake in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 20 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of research reports. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. BMO Capital Markets lifted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday. Oppenheimer reduced 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 report on Friday, January 3rd. UBS Group lifted their price target 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. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $513.36 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $159.30 billion, a P/E ratio of 45.31, a P/E/G ratio of 2.35 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a 50 day moving average of $504.77 and a 200-day moving average of $502.32.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm 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 company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 earnings per share. As a group, equities research analysts predict that S&P Global Inc. will post 15.31 EPS for the current year.

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.