Dynamic Advisor Solutions LLC Raises Stake in S&P Global Inc. (NYSE:SPGI)

Dynamic Advisor Solutions LLC lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 34.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,037 shares of the business services provider’s stock after buying an additional 2,813 shares during the period. Dynamic Advisor Solutions LLC’s holdings in S&P Global were worth $5,497,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fifth Third Bancorp boosted its stake in S&P Global by 0.9% in the 4th quarter. Fifth Third Bancorp now owns 116,439 shares of the business services provider’s stock worth $57,990,000 after buying an additional 986 shares during the last quarter. Cottonwood Capital Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter valued at about $221,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of S&P Global by 203.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 562 shares of the business services provider’s stock worth $280,000 after acquiring an additional 377 shares during the period. Sound Income Strategies LLC boosted its position in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares during the last quarter. Finally, RFG Advisory LLC grew its holdings in S&P Global by 22.3% in the fourth quarter. RFG Advisory LLC now owns 604 shares of the business services provider’s stock valued at $301,000 after purchasing an additional 110 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI stock opened at $513.64 on Friday. The firm has a fifty day simple moving average of $505.03 and a 200-day simple moving average of $502.79. The company has a market capitalization of $159.38 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve 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.

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 for the quarter, beating 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that S&P Global Inc. will post 15.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Wells Fargo & Company cut their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They issued 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 report on Friday, January 3rd. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global 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.