ORG Wealth Partners LLC Acquires 570 Shares of S&P Global Inc. (NYSE:SPGI)

ORG Wealth Partners LLC boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 127.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,017 shares of the business services provider’s stock after acquiring an additional 570 shares during the period. ORG Wealth Partners LLC’s holdings in S&P Global were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. GDS Wealth Management lifted its holdings in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $27,170,000. Finally, Pinnacle Financial Partners Inc raised its stake in shares of S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock valued at $24,645,000 after purchasing an additional 1,806 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI initiated coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Wells Fargo & Company lowered their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Robert W. Baird lifted their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Stock Performance

NYSE SPGI traded down $12.26 during trading on Friday, reaching $483.60. 380,821 shares of the company’s stock were exchanged, compared to its average volume of 1,159,043. The business has a 50 day moving average price of $504.66 and a 200-day moving average price of $498.90. The stock has a market capitalization of $150.06 billion, a P/E ratio of 42.68, a PEG ratio of 2.53 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the previous year, the company posted $3.21 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Company 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.