S&P Global Inc. (NYSE:SPGI) Stake Increased by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,724 shares of the business services provider’s stock after buying an additional 137 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in S&P Global were worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in S&P Global in the 3rd quarter worth about $224,976,000. FMR LLC raised its stake in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of S&P Global by 13.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Down 0.1 %

Shares of SPGI opened at $482.16 on Tuesday. 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 stock has a market cap of $149.61 billion, a PE ratio of 42.56, a PEG ratio of 2.53 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a 50 day simple moving average of $504.58 and a 200-day simple moving average of $500.12.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the company posted $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, sell-side analysts predict that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on SPGI. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Morgan Stanley upped their price target 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. Finally, UBS Group boosted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report 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 company’s stock. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $583.62.

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.