TRB Advisors LP Makes New Investment in S&P Global Inc. $SPGI

TRB Advisors LP purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the business services provider’s stock, valued at approximately $4,867,000. S&P Global makes up approximately 1.0% of TRB Advisors LP’s holdings, making the stock its 10th biggest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Avantax Advisory Services Inc. boosted its stake in shares of S&P Global by 4.1% during 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 position in S&P Global in the 2nd quarter worth about $303,000. Vanguard Group Inc. raised its holdings in S&P Global by 1.1% in the 2nd 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 period. Ninety One UK Ltd boosted its position 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 in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its position in S&P Global by 6.3% during 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 in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets set a $546.00 price objective on S&P Global in a research report on Friday, November 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 22nd. Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Stifel Nicolaus decreased their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Stock Up 0.7%

Shares of SPGI opened at $529.41 on Friday. The stock has a 50 day moving average price of $497.05 and a 200 day moving average price of $514.73. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $160.30 billion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.75 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share 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 research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

About S&P Global

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.