West Coast Financial LLC Has $8.69 Million Stake in S&P Global Inc. (NYSE:SPGI)

West Coast Financial LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,452 shares of the business services provider’s stock after purchasing an additional 90 shares during the quarter. West Coast Financial LLC’s holdings in S&P Global were worth $8,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. HWG Holdings LP bought a new position in S&P Global in the second quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. grew its holdings in S&P Global by 77.1% during the 3rd 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 during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 1.2 %

Shares of SPGI opened at $490.41 on Thursday. The business has a 50-day moving average of $504.46 and a 200 day moving average of $500.38. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $152.17 billion, a P/E ratio of 43.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced 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 return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business earned $3.21 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, research analysts forecast that S&P Global Inc. will post 15.25 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective 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. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Finally, Wells Fargo & Company lowered their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two research 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 an average target price of $583.62.

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.