Brookstone Capital Management Makes New Investment in S&P Global Inc. (NYSE:SPGI)

Brookstone Capital Management purchased a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 546 shares of the business services provider’s stock, valued at approximately $272,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Edgestream Partners L.P. raised its stake in shares of S&P Global by 45.7% in the second quarter. Edgestream Partners L.P. now owns 1,796 shares of the business services provider’s stock worth $801,000 after purchasing an additional 563 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of S&P Global by 51.1% in the second quarter. Intech Investment Management LLC now owns 14,896 shares of the business services provider’s stock worth $6,644,000 after purchasing an additional 5,035 shares during the last quarter. Brighton Jones LLC raised its stake in shares of S&P Global by 3.6% in the second quarter. Brighton Jones LLC now owns 3,113 shares of the business services provider’s stock worth $1,388,000 after purchasing an additional 107 shares during the last quarter. Ieq Capital LLC raised its stake in shares of S&P Global by 12.1% in the second quarter. Ieq Capital LLC now owns 15,879 shares of the business services provider’s stock worth $7,082,000 after purchasing an additional 1,717 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in shares of S&P Global by 91.7% in the second quarter. Canada Pension Plan Investment Board now owns 425,760 shares of the business services provider’s stock worth $189,889,000 after purchasing an additional 203,692 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SPGI shares. Evercore ISI started coverage on S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Morgan Stanley increased their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Finally, Robert W. Baird raised their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $583.62.

S&P Global Trading Down 0.7 %

Shares of S&P Global stock opened at $501.70 on Friday. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a market cap of $155.68 billion, a price-to-earnings ratio of 44.28, a PEG ratio of 2.22 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company’s 50-day moving average price is $504.75 and its 200-day moving average price is $500.78.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the firm posted $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities analysts expect that S&P Global Inc. will post 15.25 earnings per share for the current fiscal year.

S&P Global Company 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.