13,049 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Addenda Capital Inc.

Addenda Capital Inc. acquired a new position in S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,049 shares of the business services provider’s stock, valued at approximately $6,499,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPGI. Nordea Investment Management AB grew its stake in S&P Global by 52.0% in the 4th 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 last quarter. GDS Wealth Management raised its stake in shares of S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after buying an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares during the period. Oddo BHF Asset Management Sas acquired a new position in S&P Global during the third quarter valued at approximately $27,170,000. Finally, Eastern Bank boosted its holdings in shares of S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after buying an additional 1,530 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of S&P Global stock opened at $501.70 on Tuesday. 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 business’s 50 day simple moving average is $504.75 and its two-hundred day simple moving average is $501.49. The stock has a market capitalization of $155.68 billion, a P/E ratio of 44.28, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last posted 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. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.21 earnings per share. Analysts forecast that S&P Global Inc. will post 15.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPGI shares. Stifel Nicolaus increased their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Robert W. Baird upped their price target 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. Evercore ISI assumed coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target on the stock. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. 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, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

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.