USA Financial Formulas Takes Position in S&P Global Inc. (NYSE:SPGI)

USA Financial Formulas acquired a new position in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 362 shares of the business services provider’s stock, valued at approximately $180,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Moors & Cabot Inc. raised its stake in shares of S&P Global by 12.4% during the 2nd quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock valued at $1,035,000 after purchasing an additional 256 shares during the period. Edgestream Partners L.P. increased its position in shares of S&P Global by 45.7% during the second quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock valued at $801,000 after buying an additional 563 shares during the period. Axxcess Wealth Management LLC boosted its position in shares of S&P Global by 28.3% in the second quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $1,177,000 after acquiring an additional 582 shares during the period. E Fund Management Co. Ltd. grew its stake in S&P Global by 261.1% during the second quarter. E Fund Management Co. Ltd. now owns 1,755 shares of the business services provider’s stock valued at $783,000 after acquiring an additional 1,269 shares in the last quarter. Finally, Argent Trust Co increased its holdings in S&P Global by 1.6% during the 2nd quarter. Argent Trust Co now owns 5,644 shares of the business services provider’s stock worth $2,517,000 after acquiring an additional 91 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 1.7 %

SPGI opened at $504.95 on Friday. The business has a 50 day simple moving average of $504.61 and a two-hundred day simple moving average of $500.36. The firm has a market capitalization of $156.69 billion, a price-to-earnings ratio of 44.57, a PEG ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the company earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup began coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer decreased their price objective on shares of 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. Robert W. Baird boosted their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Company lowered their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.