LVM Capital Management Ltd. MI Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

LVM Capital Management Ltd. MI lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 707 shares of the business services provider’s stock after purchasing an additional 69 shares during the quarter. LVM Capital Management Ltd. MI’s holdings in S&P Global were worth $352,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the third quarter worth approximately $27,000. First Personal Financial Services purchased a new stake in S&P Global in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the third quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted 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 valued at $32,000 after purchasing an additional 27 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPGI. Robert W. Baird raised their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. BMO Capital Markets reduced their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Trading Down 2.4 %

NYSE SPGI traded down $11.79 on Friday, hitting $484.07. The company’s stock had a trading volume of 549,454 shares, compared to its average volume of 1,182,136. 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 Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The firm has a market cap of $150.21 billion, a P/E ratio of 42.72, a PEG ratio of 2.53 and a beta of 1.20. The company’s 50-day simple moving average is $504.66 and its 200 day simple moving average is $498.90.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the business posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

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.