Strs Ohio Boosts Stake in S&P Global Inc (NYSE:SPGI)
Strs Ohio grew its stake in shares of S&P Global Inc (NYSE:SPGI) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 396,588 shares of the business services provider’s stock after buying an additional 35,224 shares during the quarter. Strs Ohio owned 0.16% of S&P Global worth $108,288,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. BlackRock Inc. lifted its stake in S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after purchasing an additional 339,310 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd bought a new stake in S&P Global in the 2nd quarter worth approximately $364,516,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in S&P Global by 8.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,037,796 shares of the business services provider’s stock worth $254,239,000 after buying an additional 77,257 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in S&P Global by 3.3% in the third quarter. Parametric Portfolio Associates LLC now owns 912,331 shares of the business services provider’s stock worth $223,503,000 after buying an additional 28,923 shares in the last quarter. Finally, Third Point LLC boosted its stake in S&P Global by 5.3% in the third quarter. Third Point LLC now owns 800,000 shares of the business services provider’s stock worth $195,984,000 after buying an additional 40,000 shares in the last quarter. 82.53% of the stock is owned by institutional investors.
Several research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of S&P Global in a research note on Thursday, November 21st. They set a “buy” rating and a $298.00 price target on the stock. BMO Capital Markets upped their price objective on shares of S&P Global to $266.00 in a research note on Wednesday, October 30th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Wednesday, October 30th. Morgan Stanley upgraded shares of S&P Global from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $271.00 to $323.00 in a research report on Tuesday, January 7th. Finally, Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and an average target price of $276.27.
SPGI stock traded down $2.52 during midday trading on Friday, hitting $294.67. The company had a trading volume of 34,018 shares, compared to its average volume of 898,173. The stock has a market cap of $72.69 billion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.85 and a beta of 1.05. S&P Global Inc has a 52 week low of $185.08 and a 52 week high of $299.59. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.91. The stock’s 50 day moving average price is $279.80 and its 200 day moving average price is $259.59.
S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.12. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the business earned $2.11 earnings per share. The business’s revenue was up 9.2% on a year-over-year basis. Analysts predict that S&P Global Inc will post 9.4 earnings per share for the current year.
S&P Global Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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