Raub Brock Capital Management LP Raises Position in S&P Global Inc. (NYSE:SPGI)

Raub Brock Capital Management LP boosted its position in S&P Global Inc. (NYSE:SPGI) by 0.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,311 shares of the business services provider’s stock after buying an additional 55 shares during the quarter. S&P Global makes up about 3.9% of Raub Brock Capital Management LP’s investment portfolio, making the stock its 10th biggest holding. Raub Brock Capital Management LP’s holdings in S&P Global were worth $18,582,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at approximately $27,000. First Personal Financial Services acquired a new position in S&P Global in the third quarter worth $29,000. Capital Performance Advisors LLP bought a new stake in S&P Global during the third quarter valued at $31,000. HWG Holdings LP acquired a new stake in shares of S&P Global during the second quarter worth $27,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of S&P Global by 77.1% in the 3rd 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 last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of research reports. BMO Capital Markets dropped their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, UBS Group lifted their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $583.62.

S&P Global Stock Down 0.7 %

SPGI opened at $501.70 on Friday. 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 company has a market capitalization of $155.68 billion, a PE ratio of 44.28, a P/E/G ratio of 2.22 and a beta of 1.20. The stock’s fifty day moving average is $504.75 and its 200-day moving average is $500.78. 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 quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS 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 firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the previous year, the business earned $3.21 earnings per share. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 15.25 EPS 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.