Park National Corp OH Acquires 393 Shares of S&P Global Inc. (NYSE:SPGI)

Park National Corp OH raised its holdings in S&P Global Inc. (NYSE:SPGI) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,316 shares of the business services provider’s stock after buying an additional 393 shares during the period. Park National Corp OH’s holdings in S&P Global were worth $28,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in SPGI. Northcape Capital Pty Ltd grew its holdings in S&P Global by 12.8% during the fourth quarter. Northcape Capital Pty Ltd now owns 7,068 shares of the business services provider’s stock worth $3,520,000 after buying an additional 801 shares in the last quarter. Bangor Savings Bank grew its stake in shares of S&P Global by 32.1% in the 4th quarter. Bangor Savings Bank now owns 107 shares of the business services provider’s stock worth $53,000 after acquiring an additional 26 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of S&P Global by 15.5% during the fourth quarter. GAMMA Investing LLC now owns 3,502 shares of the business services provider’s stock valued at $1,744,000 after purchasing an additional 469 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in S&P Global by 52.3% during the fourth quarter. Versant Capital Management Inc now owns 533 shares of the business services provider’s stock worth $265,000 after purchasing an additional 183 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SPGI shares. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating 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 report on Friday, January 3rd. Stifel Nicolaus raised their target price 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. UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company increased their price target on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $574.43.

S&P Global Stock Down 0.6 %

SPGI opened at $491.44 on Wednesday. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a market cap of $152.49 billion, a PE ratio of 43.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. 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 of $504.15 and a 200 day moving average of $498.95.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts expect that S&P Global Inc. will post 15.24 EPS 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.