Unisphere Establishment Buys 38,500 Shares of S&P Global Inc. (NYSE:SPGI)

Unisphere Establishment boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,738,500 shares of the business services provider’s stock after buying an additional 38,500 shares during the period. S&P Global makes up about 7.5% of Unisphere Establishment’s investment portfolio, making the stock its 4th largest position. Unisphere Establishment’s holdings in S&P Global were worth $865,825,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 2.6 %

S&P Global stock opened at $491.79 on Wednesday. The firm’s 50 day moving average price is $490.21 and its two-hundred day moving average price is $502.51. S&P Global Inc. has a 1 year low of $408.84 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $154.34 billion, a price-to-earnings ratio of 39.82, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the business posted $4.01 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SPGI. Wells Fargo & Company dropped their price target on shares of S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Mizuho initiated coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $591.86.

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.