Independent Wealth Network Inc. Has $276,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

Independent Wealth Network Inc. raised its holdings in S&P Global Inc. (NYSE:SPGI) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 554 shares of the business services provider’s stock after purchasing an additional 50 shares during the quarter. Independent Wealth Network Inc.’s holdings in S&P Global were worth $276,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thrivent Financial for Lutherans grew its position in S&P Global by 2.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 14,692 shares of the business services provider’s stock worth $6,553,000 after acquiring an additional 331 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of S&P Global by 19.0% during the second quarter. Insigneo Advisory Services LLC now owns 1,863 shares of the business services provider’s stock worth $879,000 after purchasing an additional 297 shares during the last quarter. AlTi Global Inc. increased its stake in shares of S&P Global by 211.3% in the second quarter. AlTi Global Inc. now owns 3,045 shares of the business services provider’s stock valued at $1,358,000 after buying an additional 2,067 shares during the period. AXA S.A. raised its holdings in S&P Global by 1.4% in the 2nd quarter. AXA S.A. now owns 92,876 shares of the business services provider’s stock valued at $41,423,000 after buying an additional 1,265 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in S&P Global by 35.3% during the 2nd quarter. AQR Capital Management LLC now owns 31,837 shares of the business services provider’s stock worth $14,147,000 after buying an additional 8,315 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, BMO Capital Markets lifted their price objective on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

NYSE:SPGI opened at $513.36 on Friday. 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 twelve month low of $407.69 and a twelve month high of $533.29. The company has a fifty day moving average of $504.77 and a 200-day moving average of $502.32. The firm has a market capitalization of $159.30 billion, a P/E ratio of 45.31, a P/E/G ratio of 2.35 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 15.31 EPS for the current 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.