Harbor Investment Advisory LLC Has $1.03 Million Stake in S&P Global Inc. (NYSE:SPGI)

Harbor Investment Advisory LLC grew its position in S&P Global Inc. (NYSE:SPGI) by 71.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,062 shares of the business services provider’s stock after purchasing an additional 858 shares during the quarter. Harbor Investment Advisory LLC’s holdings in S&P Global were worth $1,027,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management increased its stake in shares of S&P Global by 7.0% in the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the period. Oddo BHF Asset Management Sas bought a new position in S&P Global during the third quarter worth $27,170,000. Finally, Eastern Bank grew its holdings in S&P Global by 3.1% in the fourth 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 currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets upped their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Up 1.6 %

NYSE:SPGI opened at $509.79 on Wednesday. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm has a 50-day moving average price of $504.64 and a two-hundred day moving average price of $501.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $158.19 billion, a price-to-earnings ratio of 45.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20.

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