Sugarloaf Wealth Management LLC Purchases 24 Shares of S&P Global Inc. (NYSE:SPGI)

Sugarloaf Wealth Management LLC boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 6.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 409 shares of the business services provider’s stock after purchasing an additional 24 shares during the period. Sugarloaf Wealth Management LLC’s holdings in S&P Global were worth $204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HWG Holdings LP purchased a new stake in shares of S&P Global in the second quarter worth approximately $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services purchased a new stake in S&P Global in the third quarter worth $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter worth $31,000. Finally, Voisard Asset Management Group Inc. boosted its stake in shares of 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 valued at $32,000 after purchasing an additional 27 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 2.5 %

NYSE SPGI traded down $12.16 on Friday, hitting $483.70. The stock had a trading volume of 630,779 shares, compared to its average volume of 1,202,582. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The business’s fifty day moving average price is $504.66 and its 200 day moving average price is $498.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $150.09 billion, a price-to-earnings ratio of 42.69, a price-to-earnings-growth ratio of 2.53 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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $3.21 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. UBS Group raised their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets decreased their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Barclays lifted their target price on 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, Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

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.