Park Avenue Securities LLC Acquires 2,310 Shares of S&P Global Inc. (NYSE:SPGI)

Park Avenue Securities LLC boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 21.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,232 shares of the business services provider’s stock after buying an additional 2,310 shares during the period. Park Avenue Securities LLC’s holdings in S&P Global were worth $6,590,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SPGI. International Assets Investment Management LLC grew its stake in shares of S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in S&P Global in the 3rd quarter worth $224,976,000. FMR LLC increased its holdings in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the period. Ameriprise Financial Inc. raised its position in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $497.00 on Thursday. The firm has a market cap of $154.22 billion, a PE ratio of 43.87, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company’s 50-day moving average price is $504.46 and its two-hundred day moving average price is $500.38. 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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 business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on SPGI shares. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Morgan Stanley boosted their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target 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.