LVM Capital Management Ltd. MI Increases Position in S&P Global Inc. (NYSE:SPGI)

LVM Capital Management Ltd. MI grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 10.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 707 shares of the business services provider’s stock after acquiring an additional 69 shares during the period. LVM Capital Management Ltd. MI’s holdings in S&P Global were worth $352,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after buying an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global in the 3rd quarter worth approximately $224,976,000. FMR LLC lifted its position in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after purchasing an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Barclays raised their price target on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $11.79 during trading on Friday, hitting $484.07. The company had a trading volume of 549,454 shares, compared to its average volume of 1,182,136. S&P Global Inc. has a 12 month low of $407.69 and a 12 month 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 firm has a market capitalization of $150.21 billion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The stock has a 50 day simple moving average of $504.66 and a 200 day simple moving average of $498.90.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates 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 was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. As a group, analysts anticipate that S&P Global Inc. will post 15.24 earnings per share 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.