WestEnd Advisors LLC Buys 79,794 Shares of S&P Global Inc. $SPGI

WestEnd Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 1,139,914.3% in the third quarter, Holdings Channel.com reports. The firm owned 79,801 shares of the business services provider’s stock after acquiring an additional 79,794 shares during the period. WestEnd Advisors LLC’s holdings in S&P Global were worth $38,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the second quarter valued at about $26,000. MTM Investment Management LLC acquired a new position in S&P Global in the 2nd quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC lifted its position in 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 purchasing an additional 31 shares during the period. eCIO Inc. acquired a new stake in S&P Global during the first quarter worth $32,000. Finally, Spurstone Advisory Services LLC bought a new stake in S&P Global in the 2nd quarter valued at $34,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on SPGI shares. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat, S&P Global presently has an average rating of “Buy” and a consensus price target of $614.93.

S&P Global Trading Down 1.9%

SPGI opened at $512.69 on Monday. The company has a market cap of $155.24 billion, a P/E ratio of 37.29, a PEG ratio of 2.40 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $501.09 and its 200-day moving average is $515.44. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Profile

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.