Global X Japan Co. Ltd. Boosts Stock Holdings in S&P Global Inc. $SPGI

Global X Japan Co. Ltd. raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 235.7% in the third quarter, Holdings Channel.com reports. The fund owned 4,408 shares of the business services provider’s stock after acquiring an additional 3,095 shares during the quarter. Global X Japan Co. Ltd.’s holdings in S&P Global were worth $2,145,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the 2nd quarter valued at $26,000. MTM Investment Management LLC acquired a new stake in shares of S&P Global in the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after buying an additional 31 shares in the last quarter. eCIO Inc. acquired a new position in S&P Global during the first quarter worth about $32,000. Finally, Activest Wealth Management grew its stake in S&P Global by 3,250.0% during the 1st quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 65 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Stifel Nicolaus lowered their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global Stock Up 0.6%

Shares of NYSE:SPGI opened at $525.17 on Wednesday. The company has a market capitalization of $159.02 billion, a price-to-earnings ratio of 38.19, a PEG ratio of 2.71 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The business has a 50-day moving average price of $494.02 and a 200 day moving average price of $514.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34.

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. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $1.87 billion for the quarter. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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.