S&P Global Inc. (NYSE:SPGI) Shares Bought by Grove Bank & Trust

Grove Bank & Trust lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 13.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 827 shares of the business services provider’s stock after buying an additional 100 shares during the period. Grove Bank & Trust’s holdings in S&P Global were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the third quarter valued at $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global in the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the 3rd quarter valued at about $31,000. HWG Holdings LP purchased a new position in S&P Global during the 2nd quarter valued at about $27,000. Finally, Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.7 %

Shares of NYSE SPGI opened at $501.70 on Monday. 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 stock has a market capitalization of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. The firm has a fifty day moving average of $504.75 and a 200-day moving average of $501.13. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $3.21 EPS. On average, analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. Evercore ISI began coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Oppenheimer dropped their price objective on 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. Finally, BMO Capital Markets reduced their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.