Park Place Capital Corp Has $661,000 Stake in S&P Global Inc. (NYSE:SPGI)

Park Place Capital Corp reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,327 shares of the business services provider’s stock after selling 35 shares during the period. Park Place Capital Corp’s holdings in S&P Global were worth $661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First National Corp MA ADV grew its holdings in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. grew its stake in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares in the last quarter. Trust Point Inc. increased its position in shares of S&P Global by 1.4% during the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the last quarter. Headinvest LLC increased its position in shares of S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. Finally, EWA LLC grew its stake in shares of S&P Global by 4.2% in the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after buying an additional 20 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Finally, Oppenheimer reduced their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

S&P Global stock opened at $507.08 on Wednesday. The business has a 50 day moving average of $504.76 and a 200-day moving average of $502.26. 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 company has a market capitalization of $157.35 billion, a P/E ratio of 45.01, a P/E/G ratio of 2.32 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating 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 company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.21 EPS. On average, equities research analysts predict that S&P Global Inc. will post 15.3 earnings per share for the current 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.