Valicenti Advisory Services Inc. Invests $779,000 in S&P Global Inc. $SPGI

Valicenti Advisory Services Inc. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,600 shares of the business services provider’s stock, valued at approximately $779,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Brighton Jones LLC raised its stake in shares of S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after acquiring an additional 143 shares during the period. CreativeOne Wealth LLC boosted its position in S&P Global by 20.0% during the 1st quarter. CreativeOne Wealth LLC now owns 1,771 shares of the business services provider’s stock worth $900,000 after purchasing an additional 295 shares during the period. Truvestments Capital LLC raised its position in S&P Global by 592.9% in the first quarter. Truvestments Capital LLC now owns 97 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 83 shares during the period. Trexquant Investment LP acquired a new position in shares of S&P Global during the first quarter worth about $1,043,000. Finally, State of Wyoming boosted its position in shares of S&P Global by 138.3% in the first quarter. State of Wyoming now owns 622 shares of the business services provider’s stock worth $316,000 after buying an additional 361 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.7%

Shares of NYSE:SPGI opened at $529.41 on Friday. The firm has a market cap of $160.30 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. The company has a fifty day simple moving average of $497.05 and a 200 day simple moving average of $514.73. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

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 for the quarter. The company 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%. On average, equities research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPGI. JPMorgan Chase & Co. lowered their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Mizuho upped their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research note 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. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average price target of $614.93.

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.