O Shaughnessy Asset Management LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 49.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 8,537 shares of the business services provider’s stock after purchasing an additional 2,833 shares during the period. O Shaughnessy Asset Management LLC’s holdings in S&P Global were worth $3,628,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of SPGI. Camden National Bank purchased a new stake in S&P Global in the 4th quarter valued at $4,499,000. WINTON GROUP Ltd purchased a new stake in S&P Global in the 2nd quarter valued at $212,000. Edgestream Partners L.P. purchased a new stake in S&P Global in the 2nd quarter valued at $859,000. Mercer Global Advisors Inc. ADV raised its position in S&P Global by 57.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 10,980 shares of the business services provider’s stock valued at $4,507,000 after purchasing an additional 4,003 shares during the last quarter. Finally, National Asset Management Inc. raised its position in S&P Global by 27.3% in the 2nd quarter. National Asset Management Inc. now owns 1,356 shares of the business services provider’s stock valued at $554,000 after purchasing an additional 291 shares during the last quarter. Institutional investors and hedge funds own 91.97% of the company’s stock.
Several research firms recently commented on SPGI. Raymond James upped their price target on shares of S&P Global from $457.00 to $497.00 and gave the company an “outperform” rating in a research report on Wednesday, October 27th. Morgan Stanley upped their price objective on shares of S&P Global from $508.00 to $526.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 5th. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $509.00 to $511.00 and gave the stock an “outperform” rating in a research report on Friday. Ten analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $479.90.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, October 26th. The business services provider reported $3.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.18 by $0.36. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $1.99 billion. S&P Global had a net margin of 34.72% and a return on equity of 260.75%. The business’s revenue was up 13.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.85 EPS. On average, research analysts anticipate that S&P Global Inc. will post 13.67 EPS for the current year.
S&P Global 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: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.
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