USA Financial Formulas Acquires Shares of 362 S&P Global Inc. (NYSE:SPGI)

USA Financial Formulas purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 362 shares of the business services provider’s stock, valued at approximately $180,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new position in S&P Global during the third quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the third quarter valued at about $31,000. HWG Holdings LP purchased a new stake in S&P Global in the second quarter worth about $27,000. Finally, Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SPGI shares. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley boosted their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Two 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, the company currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Up 1.7 %

Shares of NYSE:SPGI opened at $504.95 on Friday. The company has a market cap of $156.69 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.22 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 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 50-day moving average price of $504.61 and a 200 day moving average price of $500.36.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 13.72% and a net margin of 25.80%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the company earned $3.21 EPS. As a group, equities research analysts predict that S&P Global Inc. will post 15.25 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.