Rosenberg Matthew Hamilton Grows Holdings in S&P Global Inc. (NYSE:SPGI)

Rosenberg Matthew Hamilton increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 20.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 145 shares of the business services provider’s stock after acquiring an additional 25 shares during the period. Rosenberg Matthew Hamilton’s holdings in S&P Global were worth $72,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPGI. Nordea Investment Management AB grew its stake in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after purchasing an additional 225,370 shares in the last quarter. GDS Wealth Management grew its position in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC increased its position in S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the third quarter valued at approximately $27,170,000. Finally, Pinnacle Financial Partners Inc raised its position in S&P Global by 3.9% during the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after buying an additional 1,806 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPGI shares. Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Robert W. Baird raised their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. BMO Capital Markets decreased their price objective 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. Finally, Stifel Nicolaus raised their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Price Performance

Shares of S&P Global stock opened at $483.68 on Wednesday. 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 Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a fifty day simple moving average of $504.46 and a 200-day simple moving average of $500.38. The stock has a market capitalization of $150.09 billion, a price-to-earnings ratio of 42.69, a PEG ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the business earned $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

About S&P Global

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.