Valicenti Advisory Services Inc. Acquires New Holdings in S&P Global Inc. $SPGI

Valicenti Advisory Services Inc. bought a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm 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 also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in 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 buying an additional 143 shares in the last quarter. CreativeOne Wealth LLC raised its holdings in shares of S&P Global by 20.0% in the first quarter. CreativeOne Wealth LLC now owns 1,771 shares of the business services provider’s stock worth $900,000 after acquiring an additional 295 shares during the last quarter. Truvestments Capital LLC lifted its position in shares of 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 acquiring an additional 83 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of S&P Global during the first quarter valued at $1,043,000. Finally, State of Wyoming boosted its stake in shares of S&P Global by 138.3% during the first quarter. State of Wyoming now owns 622 shares of the business services provider’s stock valued at $316,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. lowered their price target 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. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Wells Fargo & Company raised their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Finally, Mizuho boosted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $614.93.

S&P Global Price Performance

SPGI opened at $529.41 on Friday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company’s 50 day simple moving average is $497.05 and its 200 day simple moving average is $514.73. The stock has a market capitalization of $160.30 billion, a PE ratio of 38.50, a P/E/G ratio of 2.75 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current 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.