1,390 Shares in S&P Global Inc. (NYSE:SPGI) Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. bought a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,390 shares of the business services provider’s stock, valued at approximately $692,000.

Other large investors have also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services bought a new stake in S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global during the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. grew its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several analyst reports. BMO Capital Markets upped their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday. UBS Group upped their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Wells Fargo & Company decreased their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Robert W. Baird upped 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 report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Trading Up 0.1 %

Shares of NYSE:SPGI opened at $510.64 on Thursday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The business has a 50 day moving average of $504.77 and a 200-day moving average of $502.32. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $158.45 billion, a PE ratio of 45.07, a P/E/G ratio of 2.35 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $3.21 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 15.31 earnings per share for the current year.

S&P Global Company Profile

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.