ORG Wealth Partners LLC Buys 570 Shares of S&P Global Inc. (NYSE:SPGI)

ORG Wealth Partners LLC lifted its stake in S&P Global Inc. (NYSE:SPGI) by 127.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,017 shares of the business services provider’s stock after buying an additional 570 shares during the period. ORG Wealth Partners LLC’s holdings in S&P Global were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the third quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the third quarter valued at approximately $31,000. HWG Holdings LP bought a new stake in shares of S&P Global in the second quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. boosted its stake in shares of S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Morgan Stanley upped 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. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Robert W. Baird upped their target price 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. BMO Capital Markets cut their target price on 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. Finally, JPMorgan Chase & Co. cut their target price on 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 equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $12.26 during trading on Friday, hitting $483.60. 380,821 shares of the company were exchanged, compared to its average volume of 1,159,043. The business’s 50 day moving average is $504.66 and its 200-day moving average is $498.90. The company has a market capitalization of $150.06 billion, a P/E ratio of 42.68, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business 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 quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. Equities analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current 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.