Scratch Capital LLC Buys New Holdings in S&P Global Inc. $SPGI

Scratch Capital LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,211 shares of the business services provider’s stock, valued at approximately $589,000.

Several other hedge funds have also recently modified their holdings of the stock. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the second quarter valued at $26,000. MTM Investment Management LLC bought a new position in shares of S&P Global during the 2nd quarter valued at about $27,000. CBIZ Investment Advisory Services LLC grew its position in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares in the last quarter. eCIO Inc. bought a new stake in shares of S&P Global in the first quarter worth about $32,000. Finally, Spurstone Advisory Services LLC purchased a new stake in shares of S&P Global in the second quarter worth about $34,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on SPGI shares. Wells Fargo & Company increased their price target on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. cut their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Citigroup upped their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley upped their target price on shares of S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has an average rating of “Buy” and an average target price of $614.93.

S&P Global Price Performance

S&P Global stock opened at $525.17 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $494.02 and a 200-day moving average price of $514.47. The firm has a market capitalization of $159.02 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 2.71 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.