Fulcrum Capital LLC Acquires 77 Shares of S&P Global Inc. (NYSE:SPGI)

Fulcrum Capital LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 21,225 shares of the business services provider’s stock after purchasing an additional 77 shares during the quarter. S&P Global comprises 2.2% of Fulcrum Capital LLC’s portfolio, making the stock its 13th biggest holding. Fulcrum Capital LLC’s holdings in S&P Global were worth $10,571,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SPGI. Accelerate Investment Advisors LLC increased its stake in S&P Global by 34.9% during the fourth quarter. Accelerate Investment Advisors LLC now owns 773 shares of the business services provider’s stock valued at $385,000 after acquiring an additional 200 shares during the period. Wedmont Private Capital grew its holdings in shares of S&P Global by 7.9% during the 4th quarter. Wedmont Private Capital now owns 4,519 shares of the business services provider’s stock worth $2,181,000 after purchasing an additional 332 shares in the last quarter. Westmount Partners LLC increased its position in shares of S&P Global by 1.1% during the fourth quarter. Westmount Partners LLC now owns 2,402 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 25 shares during the period. Capital Investment Advisors LLC acquired a new position in shares of S&P Global in the fourth quarter valued at $202,000. Finally, Brookstone Capital Management bought a new position in S&P Global in the fourth quarter worth $272,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPGI. UBS Group boosted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Price Performance

NYSE:SPGI traded down $0.18 during mid-day trading on Monday, reaching $482.54. 590,110 shares of the company were exchanged, compared to its average volume of 1,191,634. 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 cap of $149.73 billion, a PE ratio of 42.59, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a fifty day moving average of $504.66 and a 200 day moving average of $499.88.

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, topping the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.21 EPS. On average, research analysts anticipate 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.