Lazard Freres Gestion S.A.S. Purchases 95,583 Shares of S&P Global Inc. $SPGI

Lazard Freres Gestion S.A.S. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 124.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 172,309 shares of the business services provider’s stock after acquiring an additional 95,583 shares during the period. S&P Global comprises about 1.6% of Lazard Freres Gestion S.A.S.’s portfolio, making the stock its 19th biggest position. Lazard Freres Gestion S.A.S. owned about 0.06% of S&P Global worth $83,864,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter worth approximately $27,000. CBIZ Investment Advisory Services LLC increased its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares during the period. eCIO Inc. acquired a new position in S&P Global in the 1st quarter valued at approximately $32,000. Finally, Spurstone Advisory Services LLC bought a new position in shares of S&P Global during the second quarter valued at $34,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Performance

SPGI stock opened at $522.63 on Friday. The firm has a market cap of $158.25 billion, a PE ratio of 38.01, a price-to-earnings-growth ratio of 2.72 and a beta of 1.21. 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 stock has a 50-day moving average price of $500.62 and a 200-day moving average price of $515.19. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last announced 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 for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. As a group, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research note on Friday, November 14th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a research report on Monday. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. The Goldman Sachs Group restated a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. Finally, Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.