Foster Victor Wealth Advisors LLC Has $16.91 Million Stock Position in S&P Global Inc. $SPGI

Foster Victor Wealth Advisors LLC grew its stake in S&P Global Inc. (NYSE:SPGI) by 12.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,246 shares of the business services provider’s stock after buying an additional 3,923 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in S&P Global were worth $16,912,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SPGI. Brighton Jones LLC increased its holdings in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of S&P Global by 1,259.4% during the first quarter. T. Rowe Price Investment Management Inc. now owns 35,318 shares of the business services provider’s stock worth $17,946,000 after buying an additional 32,720 shares during the period. CW Advisors LLC bought a new position in shares of S&P Global during the first quarter worth about $2,729,000. Compound Planning Inc. raised its position in S&P Global by 12.8% in the 1st quarter. Compound Planning Inc. now owns 1,822 shares of the business services provider’s stock valued at $926,000 after buying an additional 207 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its position in S&P Global by 55.1% in the 1st quarter. 1832 Asset Management L.P. now owns 166,359 shares of the business services provider’s stock valued at $84,527,000 after buying an additional 59,105 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Morgan Stanley increased their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Finally, Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global Price Performance

Shares of SPGI opened at $512.03 on Friday. 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 fifty day simple moving average is $492.40 and its 200 day simple moving average is $514.39. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a market cap of $155.04 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.66 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company 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%. On average, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Company 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.