Union Bancaire Privee UBP SA Acquires Shares of 294,280 S&P Global Inc. (NYSE:SPGI)

Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 294,280 shares of the business services provider’s stock, valued at approximately $144,091,000. S&P Global comprises 2.9% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 8th biggest holding. Union Bancaire Privee UBP SA owned about 0.09% of S&P Global at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HWG Holdings LP purchased a new position in S&P Global in the second quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the 3rd quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. raised its holdings in S&P Global by 77.1% during the third 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 last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price on the stock. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, Robert W. Baird lifted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Price Performance

SPGI stock opened at $513.64 on Monday. The stock has a 50-day simple moving average of $505.03 and a 200-day simple moving average of $503.09. The firm has a market cap of $159.38 billion, a P/E ratio of 45.33, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 15.33 earnings per share for the current fiscal 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.