XML Financial LLC Has $388,000 Stock Holdings in S&P Global Inc. (NYSE:SPGI)

XML Financial LLC raised its holdings in S&P Global Inc. (NYSE:SPGI) by 7.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 779 shares of the business services provider’s stock after buying an additional 56 shares during the quarter. XML Financial LLC’s holdings in S&P Global were worth $388,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Simon Quick Advisors LLC lifted its stake in shares of S&P Global by 6.8% in the fourth quarter. Simon Quick Advisors LLC now owns 2,036 shares of the business services provider’s stock valued at $1,014,000 after buying an additional 129 shares during the period. Bourgeon Capital Management LLC acquired a new position in S&P Global in the 4th quarter valued at approximately $864,000. Atomi Financial Group Inc. raised its holdings in S&P Global by 35.1% in the 4th quarter. Atomi Financial Group Inc. now owns 1,615 shares of the business services provider’s stock valued at $804,000 after acquiring an additional 420 shares in the last quarter. Transform Wealth LLC lifted its position in shares of S&P Global by 3.1% in the 4th quarter. Transform Wealth LLC now owns 3,690 shares of the business services provider’s stock worth $1,838,000 after acquiring an additional 110 shares during the period. Finally, Clear Harbor Asset Management LLC grew its holdings in shares of S&P Global by 0.7% during the 4th quarter. Clear Harbor Asset Management LLC now owns 12,849 shares of the business services provider’s stock worth $6,399,000 after purchasing an additional 93 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on SPGI shares. Stifel Nicolaus raised their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. BMO Capital Markets lifted their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research report on Tuesday. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Evercore ISI began coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Up 0.1 %

Shares of NYSE SPGI opened at $510.64 on Thursday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The firm’s 50-day simple moving average is $504.76 and its 200 day simple moving average is $502.26. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $158.45 billion, a price-to-earnings ratio of 45.07, a price-to-earnings-growth ratio of 2.32 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its earnings results 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. 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%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $3.21 earnings per share. On average, research analysts expect that S&P Global Inc. will post 15.3 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.