Ninety One UK Ltd Has $457.84 Million Stake in S&P Global Inc. $SPGI

Ninety One UK Ltd lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.3% during the third quarter, Holdings Channel.com reports. The firm owned 940,673 shares of the business services provider’s stock after buying an additional 12,114 shares during the quarter. S&P Global accounts for 1.0% of Ninety One UK Ltd’s portfolio, making the stock its 29th biggest holding. Ninety One UK Ltd’s holdings in S&P Global were worth $457,835,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its position in shares of S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. Trexquant Investment LP acquired a new stake in S&P Global in the 1st quarter worth about $1,043,000. Magnetar Financial LLC bought a new stake in S&P Global in the 1st quarter valued at about $212,000. Focus Partners Advisor Solutions LLC boosted its holdings in S&P Global by 113.7% in the 1st quarter. Focus Partners Advisor Solutions LLC now owns 1,923 shares of the business services provider’s stock valued at $977,000 after purchasing an additional 1,023 shares during the period. Finally, Perbak Capital Partners LLP acquired a new position in shares of S&P Global during the 1st quarter worth approximately $267,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SPGI shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price target on shares of S&P Global in a research report on Tuesday, December 16th. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. JPMorgan Chase & Co. reduced their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Finally, William Blair restated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global Stock Down 1.0%

NYSE SPGI opened at $522.63 on Thursday. The business has a fifty day moving average price of $499.82 and a two-hundred day moving average price of $515.14. The stock has a market capitalization of $158.25 billion, a PE ratio of 38.01, a PEG ratio of 2.74 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company had revenue of $1.87 billion for the quarter. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.