Wealth Enhancement Advisory Services LLC Has $43.67 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Wealth Enhancement Advisory Services LLC raised its position in S&P Global Inc. (NYSE:SPGI) by 0.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 84,526 shares of the business services provider’s stock after purchasing an additional 85 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in S&P Global were worth $43,668,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. HWG Holdings LP acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $483.17 on Friday. The firm has a market capitalization of $149.93 billion, a PE ratio of 42.65, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The firm has a fifty day simple moving average of $504.66 and a two-hundred day simple moving average of $499.17. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

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

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of recent analyst reports. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. BMO Capital Markets dropped their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Barclays boosted their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Finally, UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” 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 stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $583.62.

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.