Thurston Springer Miller Herd & Titak Inc. Acquires 2,074 Shares of S&P Global Inc. (NYSE:SPGI)

Thurston Springer Miller Herd & Titak Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 78.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,734 shares of the business services provider’s stock after acquiring an additional 2,074 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in S&P Global were worth $2,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. HWG Holdings LP bought a new position in S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global in the third quarter worth $27,000. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new position in S&P Global during the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. raised its stake 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 worth $32,000 after acquiring an additional 27 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of SPGI stock opened at $483.68 on Wednesday. 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 Inc. has a 12 month low of $407.69 and a 12 month high of $533.29. The firm has a market cap of $150.09 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.53 and a beta of 1.20. The stock has a 50-day moving average price of $504.46 and a 200 day moving average price of $500.38.

S&P Global (NYSE:SPGI) last issued its earnings results 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. 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 for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business earned $3.21 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. Research analysts expect that S&P Global Inc. will post 15.24 EPS for the current year.

Wall Street Analyst Weigh In

SPGI has been the subject of several recent analyst reports. UBS Group increased their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.62.

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.