Park Avenue Securities LLC Has $6.59 Million Position in S&P Global Inc. (NYSE:SPGI)

Park Avenue Securities LLC increased its stake in S&P Global Inc. (NYSE:SPGI) by 21.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,232 shares of the business services provider’s stock after purchasing an additional 2,310 shares during the period. Park Avenue Securities LLC’s holdings in S&P Global were worth $6,590,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HWG Holdings LP bought a new stake in shares of S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global in the third quarter valued at about $27,000. First Personal Financial Services acquired a new stake in S&P Global in the third quarter worth about $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. lifted its position 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 purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SPGI shares. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Oppenheimer dropped 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 research report on Friday, January 3rd. Morgan Stanley raised their price target 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. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Stock Up 2.6 %

Shares of SPGI stock opened at $497.00 on Thursday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average of $504.46 and a 200-day moving average of $500.38. The company has a market capitalization of $154.22 billion, a price-to-earnings ratio of 43.87, a P/E/G ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 return on equity of 13.72% and a net margin of 25.80%. The company’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal 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.