James Hambro & Partners LLP Raises Position in S&P Global Inc. $SPGI

James Hambro & Partners LLP increased its stake in S&P Global Inc. (NYSE:SPGI) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 232,712 shares of the business services provider’s stock after buying an additional 1,350 shares during the quarter. S&P Global comprises 4.0% of James Hambro & Partners LLP’s portfolio, making the stock its 12th largest position. James Hambro & Partners LLP’s holdings in S&P Global were worth $113,246,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in S&P Global in the 2nd quarter worth approximately $2,188,945,000. Valeo Financial Advisors LLC lifted its position in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after purchasing an additional 1,510,540 shares in the last quarter. TCI Fund Management Ltd. boosted its stake in shares of S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after purchasing an additional 730,354 shares during the period. Finally, ABN AMRO Bank N.V. acquired a new stake in S&P Global during the 2nd quarter valued at $310,348,000. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.6%

Shares of NYSE SPGI opened at $525.17 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $494.02 and its two-hundred day moving average price is $514.47. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market capitalization of $159.02 billion, a P/E ratio of 38.19, a PEG ratio of 2.71 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st. Wells Fargo & Company boosted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Evercore ISI increased their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. Stifel Nicolaus dropped their price objective on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Two investment 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, S&P Global currently has an average rating of “Buy” and a consensus target price of $614.93.

S&P Global Company Profile

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.