S&P Global Inc. (NYSE:SPGI) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its position in S&P Global Inc. (NYSE:SPGI) by 1.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,030 shares of the business services provider’s stock after purchasing an additional 110 shares during the period. Cyndeo Wealth Partners LLC’s holdings in S&P Global were worth $3,003,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in shares of S&P Global during the 2nd quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the 3rd quarter worth $27,000. First Personal Financial Services acquired a new stake in S&P Global during the third quarter worth about $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter worth approximately $31,000. Finally, Voisard Asset Management Group Inc. raised its stake 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 valued at $32,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.0 %

Shares of S&P Global stock opened at $513.64 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The business’s fifty day moving average price is $505.03 and its two-hundred day moving average price is $502.79. The company has a market capitalization of $159.38 billion, a P/E ratio of 45.33, a PEG ratio of 2.36 and a beta of 1.20.

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 for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.21 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 15.33 EPS for the current year.

Wall Street Analyst Weigh In

SPGI has been the topic of several analyst reports. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $584.54.

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.