City Holding Co. Increases Stake in S&P Global Inc. (NYSE:SPGI)

City Holding Co. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,375 shares of the business services provider’s stock after acquiring an additional 27 shares during the quarter. City Holding Co.’s holdings in S&P Global were worth $1,183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new position in shares of S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter valued at about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter valued at about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. grew its position in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after buying an additional 27 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Morgan Stanley boosted their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Robert W. Baird boosted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Trading Down 0.7 %

NYSE SPGI opened at $501.70 on Tuesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. 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 company has a market capitalization of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. The company has a fifty day moving average of $504.75 and a 200 day moving average of $501.49.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping 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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global 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.