Flywheel Private Wealth LLC Invests $219,000 in S&P Global Inc. (NYSE:SPGI)

Flywheel Private Wealth LLC purchased a new stake in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 440 shares of the business services provider’s stock, valued at approximately $219,000.

Several other institutional investors have also recently bought and sold shares of SPGI. Nordea Investment Management AB raised its holdings in S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management grew its position in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the period. Sanctuary Advisors LLC raised its stake in shares of S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock worth $14,198,000 after buying an additional 3,093 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in S&P Global in the third quarter valued at approximately $27,170,000. Finally, Pinnacle Financial Partners Inc boosted its stake in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after acquiring an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 2.6 %

S&P Global stock opened at $497.00 on Thursday. The company has a 50 day moving average of $504.46 and a 200-day moving average of $500.38. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a market capitalization of $154.22 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business earned $3.21 EPS. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, Morgan Stanley lifted 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 investment 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 has an average rating of “Moderate Buy” and a consensus price target of $583.62.

About S&P Global

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.