ERn Financial LLC Increases Holdings in S&P Global Inc. (NYSE:SPGI)

ERn Financial LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 3.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,766 shares of the business services provider’s stock after buying an additional 62 shares during the quarter. ERn Financial LLC’s holdings in S&P Global were worth $879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Oppenheimer & Co. Inc. increased its position in S&P Global by 13.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 4,056 shares of the business services provider’s stock valued at $1,809,000 after purchasing an additional 487 shares during the period. Moors & Cabot Inc. grew its holdings in shares of S&P Global by 12.4% during the 2nd quarter. Moors & Cabot Inc. now owns 2,320 shares of the business services provider’s stock worth $1,035,000 after acquiring an additional 256 shares during the period. Edgestream Partners L.P. raised its position in shares of S&P Global by 45.7% in the 2nd quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock worth $801,000 after acquiring an additional 563 shares in the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of S&P Global by 28.3% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $1,177,000 after purchasing an additional 582 shares during the period. Finally, Financial & Tax Architects LLC boosted its position in shares of S&P Global by 5.5% during the second quarter. Financial & Tax Architects LLC now owns 14,540 shares of the business services provider’s stock valued at $6,485,000 after purchasing an additional 752 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of recent research reports. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company lowered their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. 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, UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $583.62.

S&P Global Trading Up 2.6 %

Shares of NYSE:SPGI opened at $497.00 on Thursday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market capitalization of $154.22 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.22 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock’s 50-day simple moving average is $504.46 and its two-hundred day simple moving average is $500.38.

S&P Global (NYSE:SPGI) last announced 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. 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 analyst estimates of $3.43 billion. During the same period in the previous year, the business posted $3.21 earnings per share. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. Analysts expect that S&P Global Inc. will post 15.25 EPS 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.