Cornell Pochily Investment Advisors Inc. Takes $537,000 Position in S&P Global Inc. (NYSE:SPGI)

Cornell Pochily Investment Advisors Inc. acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,077 shares of the business services provider’s stock, valued at approximately $537,000.

A number of other institutional investors also recently bought and sold shares of SPGI. Nordea Investment Management AB increased its holdings in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares during the last quarter. GDS Wealth Management increased its stake 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 during the last quarter. Sanctuary Advisors LLC raised its position in S&P Global by 12.6% in the third 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 position in shares of S&P Global in the 3rd quarter valued at $27,170,000. Finally, Eastern Bank grew its holdings in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of several research analyst reports. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Evercore ISI began coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Two 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Price Performance

Shares of NYSE SPGI opened at $513.64 on Monday. The stock has a market cap of $159.38 billion, a P/E ratio of 45.33, a P/E/G ratio of 2.36 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The stock has a 50 day moving average of $505.03 and a two-hundred day moving average of $503.35. 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 (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $3.43 billion. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.21 EPS. On average, research analysts forecast that S&P Global Inc. will post 15.33 earnings per share for the current year.

About S&P Global

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.