Assenagon Asset Management S.A. Increases Position in S&P Global Inc. $SPGI

Assenagon Asset Management S.A. lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 95.4% in the third quarter, HoldingsChannel.com reports. The fund owned 541,754 shares of the business services provider’s stock after acquiring an additional 264,473 shares during the period. Assenagon Asset Management S.A.’s holdings in S&P Global were worth $263,677,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of SPGI. Brighton Jones LLC grew its stake in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the period. Algert Global LLC raised its stake in shares of S&P Global by 7.5% during the 1st quarter. Algert Global LLC now owns 3,420 shares of the business services provider’s stock worth $1,738,000 after purchasing an additional 240 shares during the period. Aptus Capital Advisors LLC boosted its holdings in shares of S&P Global by 36.2% in the 1st quarter. Aptus Capital Advisors LLC now owns 5,392 shares of the business services provider’s stock worth $2,739,000 after buying an additional 1,432 shares during the last quarter. Groupama Asset Managment grew its position in S&P Global by 14.5% during the first quarter. Groupama Asset Managment now owns 16,780 shares of the business services provider’s stock valued at $8,432,000 after buying an additional 2,130 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in S&P Global by 22.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 11,908 shares of the business services provider’s stock valued at $6,036,000 after buying an additional 2,165 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.0%

Shares of SPGI stock opened at $499.81 on Wednesday. The stock has a market capitalization of $151.34 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 2.60 and a beta of 1.19. The company’s fifty day simple moving average is $490.95 and its two-hundred day simple moving average is $514.48. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday. Morgan Stanley raised their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research note on Tuesday. Evercore ISI raised their target price on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $614.93.

S&P Global 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.