S&P Global Inc. $SPGI Stake Raised by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 94.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,746 shares of the business services provider’s stock after buying an additional 1,821 shares during the period. Signal Advisors Wealth LLC’s holdings in S&P Global were worth $1,823,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPGI. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the 2nd quarter worth $26,000. MTM Investment Management LLC bought a new stake in shares of S&P Global during the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC raised its stake in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. eCIO Inc. acquired a new stake in S&P Global in the first quarter worth about $32,000. Finally, Spurstone Advisory Services LLC bought a new position in S&P Global in the 2nd quarter valued at about $34,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday. Citigroup increased their price objective on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus lowered their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and an average target price of $614.93.

S&P Global Stock Up 1.0%

SPGI stock opened at $512.03 on Friday. The firm has a market cap of $155.04 billion, a PE ratio of 37.24, a P/E/G ratio of 2.63 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 company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $492.40 and a 200 day simple moving average of $514.38.

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