Moss Adams Wealth Advisors LLC Increases Position in S&P Global Inc. (NYSE:SPGI)

Moss Adams Wealth Advisors LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 895 shares of the business services provider’s stock after purchasing an additional 77 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in S&P Global were worth $446,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Smith Salley Wealth Management raised its position in shares of S&P Global by 0.6% in the 4th quarter. Smith Salley Wealth Management now owns 37,079 shares of the business services provider’s stock valued at $18,466,000 after purchasing an additional 238 shares in the last quarter. Ameritas Advisory Services LLC increased its stake in shares of S&P Global by 96.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider’s stock worth $526,000 after buying an additional 519 shares during the last quarter. HB Wealth Management LLC raised its holdings in S&P Global by 22.6% in the fourth quarter. HB Wealth Management LLC now owns 7,542 shares of the business services provider’s stock valued at $3,756,000 after acquiring an additional 1,391 shares in the last quarter. Financial & Tax Architects LLC boosted its stake in S&P Global by 4.2% during the 4th quarter. Financial & Tax Architects LLC now owns 13,989 shares of the business services provider’s stock valued at $6,967,000 after acquiring an additional 561 shares during the last quarter. Finally, Canoe Financial LP grew its holdings in S&P Global by 6.0% during the 4th quarter. Canoe Financial LP now owns 76,184 shares of the business services provider’s stock worth $37,942,000 after acquiring an additional 4,300 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley lifted their target price 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. Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Trading Down 0.7 %

S&P Global stock opened at $501.70 on Friday. The firm has a 50-day moving average price of $504.75 and a two-hundred day moving average price of $500.78. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The firm has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. 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 (NYSE:SPGI) last issued its quarterly earnings data 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 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 business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the company posted $3.21 EPS. Sell-side analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current year.

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.