My Legacy Advisors LLC Has $759,000 Stock Position in S&P Global Inc. (NYSE:SPGI)

My Legacy Advisors LLC raised its stake in S&P Global Inc. (NYSE:SPGI) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,529 shares of the business services provider’s stock after acquiring an additional 26 shares during the period. My Legacy Advisors LLC’s holdings in S&P Global were worth $759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of SPGI. HWG Holdings LP bought a new position in S&P Global during the second quarter worth about $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services acquired 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. Finally, Voisard Asset Management Group Inc. grew its position in S&P Global by 77.1% during 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 in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Robert W. Baird upped their price objective 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 lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Price Performance

Shares of SPGI opened at $501.70 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $155.68 billion, a PE ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The business has a 50-day simple moving average of $504.75 and a two-hundred day simple moving average of $500.78.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the business earned $3.21 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current fiscal 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.