Cooper Investors PTY Ltd. Buys New Stake in S&P Global Inc. $SPGI

Cooper Investors PTY Ltd. bought a new position in S&P Global Inc. (NYSE:SPGI) during the 3rd quarter, Holdings Channel reports. The fund bought 1,720 shares of the business services provider’s stock, valued at approximately $837,000.

A number of other hedge funds also recently bought and sold shares of SPGI. Oliver Lagore Vanvalin Investment Group bought a new position in shares of S&P Global in the second quarter worth about $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter valued at approximately $27,000. CBIZ Investment Advisory Services LLC grew its holdings in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. eCIO Inc. bought a new position in S&P Global in the 1st quarter worth approximately $32,000. Finally, Activest Wealth Management lifted its holdings in shares of S&P Global by 3,250.0% during the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock worth $34,000 after buying an additional 65 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SPGI has been the topic of several research analyst reports. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company increased their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. Evercore ISI boosted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $614.93.

S&P Global Stock Performance

NYSE SPGI opened at $525.44 on Friday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock has a market cap of $159.10 billion, a P/E ratio of 38.21, a PEG ratio of 2.73 and a beta of 1.19. The company’s 50-day simple moving average is $495.94 and its 200 day simple moving average is $514.63.

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

About S&P Global

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.