Westmount Partners LLC Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Westmount Partners LLC raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,402 shares of the business services provider’s stock after purchasing an additional 25 shares during the period. Westmount Partners LLC’s holdings in S&P Global were worth $1,196,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in S&P Global during the second quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter worth about $27,000. First Personal Financial Services purchased a new position in shares of S&P Global in the third quarter worth about $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global in the third quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. increased its holdings 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 worth $32,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Stifel Nicolaus lifted their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. cut their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird raised 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. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $583.62.

S&P Global Price Performance

S&P Global stock traded down $1.12 during mid-day trading on Monday, hitting $481.60. The stock had a trading volume of 488,979 shares, compared to its average volume of 1,179,308. The firm has a market capitalization of $149.44 billion, a P/E ratio of 42.51, a P/E/G ratio of 2.53 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $504.66 and its 200 day moving average is $499.88. 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 issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter in the prior year, the firm posted $3.21 EPS. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

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.