Versant Capital Management Inc Has $265,000 Position in S&P Global Inc. (NYSE:SPGI)

Versant Capital Management Inc grew its holdings in S&P Global Inc. (NYSE:SPGI) by 52.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 533 shares of the business services provider’s stock after purchasing an additional 183 shares during the quarter. Versant Capital Management Inc’s holdings in S&P Global were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the period. Geode Capital Management LLC increased its position in S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after buying an additional 113,146 shares in the last quarter. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the period. Legal & General Group Plc raised its stake in S&P Global by 1.0% during the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after buying an additional 29,227 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in S&P Global by 1.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock worth $1,401,909,000 after acquiring an additional 28,458 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.8 %

Shares of NYSE:SPGI opened at $499.57 on Friday. The company has a market capitalization of $155.02 billion, a PE ratio of 44.09, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business has a fifty day moving average price of $503.74 and a two-hundred day moving average price of $496.87.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.21 earnings per share. Analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SPGI shares. JPMorgan Chase & Co. lowered their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Evercore ISI initiated coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays upped their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Finally, Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.43.

About S&P Global

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.