Baldwin Wealth Partners LLC MA Increases Position in S&P Global Inc. (NYSE:SPGI)

Baldwin Wealth Partners LLC MA lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 7.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 19,885 shares of the business services provider’s stock after purchasing an additional 1,312 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in S&P Global were worth $9,903,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Foundations Investment Advisors LLC grew its position in shares of S&P Global by 19.4% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,661 shares of the business services provider’s stock worth $1,325,000 after purchasing an additional 433 shares in the last quarter. Cornell Pochily Investment Advisors Inc. bought a new position in S&P Global in the 4th quarter worth approximately $537,000. James Hambro & Partners LLP grew its holdings in S&P Global by 0.9% during the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider’s stock valued at $108,173,000 after buying an additional 1,899 shares in the last quarter. United Asset Strategies Inc. raised its position in shares of S&P Global by 5.0% during the fourth quarter. United Asset Strategies Inc. now owns 3,202 shares of the business services provider’s stock valued at $1,595,000 after buying an additional 153 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of S&P Global by 22.7% in the fourth quarter. KBC Group NV now owns 368,174 shares of the business services provider’s stock worth $183,361,000 after buying an additional 68,109 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on shares of 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. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. JPMorgan Chase & Co. cut their target price 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. Robert W. Baird upped 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 report 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 assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of S&P Global stock opened at $511.47 on Monday. 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’s fifty day moving average is $505.03 and its two-hundred day moving average is $503.35. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The company has a market capitalization of $158.71 billion, a PE ratio of 45.10, a price-to-earnings-growth ratio of 2.36 and a beta of 1.20.

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, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during 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 firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 EPS. As a group, analysts expect that S&P Global Inc. will post 15.33 earnings per share 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.