S&P Global Inc. $SPGI Shares Bought by Generate Investment Management Ltd

Generate Investment Management Ltd lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 138.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the business services provider’s stock after buying an additional 11,604 shares during the quarter. Generate Investment Management Ltd’s holdings in S&P Global were worth $9,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Avantax Advisory Services Inc. grew its position in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock worth $11,314,000 after acquiring an additional 850 shares in the last quarter. Divergent Planning LLC acquired a new stake in shares of S&P Global during the 2nd quarter valued at approximately $303,000. Vanguard Group Inc. lifted its stake in S&P Global by 1.1% during the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after purchasing an additional 315,916 shares during the last quarter. Ninety One UK Ltd lifted its stake in S&P Global by 0.8% during the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after purchasing an additional 7,553 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in S&P Global by 6.3% in the second quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider’s stock worth $6,568,000 after purchasing an additional 733 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Down 0.6%

Shares of NYSE:SPGI opened at $527.06 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $498.96 and its 200 day moving average price is $515.09. The company has a market cap of $159.59 billion, a PE ratio of 38.33, a P/E/G ratio of 2.75 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.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. Citigroup raised their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global Company 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.