Lecap Asset Management Ltd. Buys New Position in S&P Global Inc. $SPGI

Lecap Asset Management Ltd. purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 3,535 shares of the business services provider’s stock, valued at approximately $1,721,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the 2nd quarter valued at $26,000. MTM Investment Management LLC purchased a new position in S&P Global in the second quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its position 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 worth $31,000 after buying an additional 31 shares in the last quarter. eCIO Inc. bought a new stake in shares of S&P Global in the 1st quarter worth about $32,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of S&P Global during the second quarter worth about $34,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Trading Down 0.4%

NYSE:SPGI opened at $537.48 on Thursday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a market capitalization of $162.75 billion, a P/E ratio of 39.09, a P/E/G ratio of 2.52 and a beta of 1.21. 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 business has a 50 day simple moving average of $504.03 and a 200 day simple moving average of $516.05.

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 for the quarter. The business 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 predict that S&P Global Inc. will post 17.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SPGI. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company lifted their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Citigroup boosted their price target on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. William Blair reaffirmed an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. Finally, Stifel Nicolaus lowered their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has an average rating of “Buy” and a consensus price target of $614.93.

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.