Reliant Investment Management LLC Acquires 225 Shares of S&P Global Inc. (NYSE:SPGI)

Reliant Investment Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,466 shares of the business services provider’s stock after acquiring an additional 225 shares during the quarter. S&P Global accounts for about 2.3% of Reliant Investment Management LLC’s investment portfolio, making the stock its 23rd largest holding. Reliant Investment Management LLC’s holdings in S&P Global were worth $5,212,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. First National Corp MA ADV boosted its holdings in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. boosted its holdings in shares of S&P Global by 25.0% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 20 shares in the last quarter. Trust Point Inc. boosted its holdings in shares of S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 20 shares in the last quarter. Headinvest LLC boosted its holdings in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. Finally, EWA LLC boosted its holdings in shares of S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Wells Fargo & Company cut their target price 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. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Stock Performance

SPGI stock opened at $501.70 on Tuesday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market cap of $155.68 billion, a PE ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20. The stock has a 50-day moving average price of $504.75 and a 200-day moving average price of $501.49. 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 (NYSE:SPGI) last issued 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $3.21 EPS. The firm’s revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 15.3 earnings per share 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.