S&P Global Inc. (NYSE:SPGI) Shares Purchased by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 895 shares of the business services provider’s stock after buying an additional 77 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in S&P Global were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of SPGI. Smith Salley Wealth Management boosted its stake in shares of S&P Global by 0.6% during the fourth quarter. Smith Salley Wealth Management now owns 37,079 shares of the business services provider’s stock valued at $18,466,000 after acquiring an additional 238 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in S&P Global by 96.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,056 shares of the business services provider’s stock valued at $526,000 after purchasing an additional 519 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of S&P Global by 22.6% during the 4th quarter. HB Wealth Management LLC now owns 7,542 shares of the business services provider’s stock worth $3,756,000 after purchasing an additional 1,391 shares during the last quarter. Financial & Tax Architects LLC grew its holdings in shares of S&P Global by 4.2% during the fourth quarter. Financial & Tax Architects LLC now owns 13,989 shares of the business services provider’s stock worth $6,967,000 after buying an additional 561 shares in the last quarter. Finally, Canoe Financial LP raised its position in shares of S&P Global by 6.0% in the fourth quarter. Canoe Financial LP now owns 76,184 shares of the business services provider’s stock valued at $37,942,000 after buying an additional 4,300 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 analysts recently issued reports on the stock. Oppenheimer decreased their target price 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. Wells Fargo & Company decreased their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

Shares of SPGI stock opened at $501.70 on Friday. The company’s fifty day simple moving average is $504.75 and its 200-day simple moving average is $500.78. 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 company has a market cap of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 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 company 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 firm posted $3.21 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

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.