Scratch Capital LLC Acquires New Position in S&P Global Inc. $SPGI

Scratch Capital LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the third quarter, Holdings Channel.com reports. The fund bought 1,211 shares of the business services provider’s stock, valued at approximately $589,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group purchased a new position in S&P Global during the 2nd quarter worth $26,000. MTM Investment Management LLC bought a new position in shares of S&P Global during the 2nd quarter worth $27,000. CBIZ Investment Advisory Services LLC increased its stake in shares of S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. eCIO Inc. bought a new stake in shares of S&P Global in the first quarter valued at about $32,000. Finally, Activest Wealth Management raised its holdings in shares of S&P Global by 3,250.0% in the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $525.17 on Wednesday. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05. The business’s fifty day simple moving average is $494.02 and its 200-day simple moving average is $514.47. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. The company has a market cap of $159.02 billion, a PE ratio of 38.19, a PEG ratio of 2.71 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research reports. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Evercore ISI lifted their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday, October 31st. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. Morgan Stanley lifted their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, William Blair reissued an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $614.93.

S&P Global 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.