Aaron Wealth Advisors LLC Has $1.60 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Aaron Wealth Advisors LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,221 shares of the business services provider’s stock after acquiring an additional 43 shares during the period. Aaron Wealth Advisors LLC’s holdings in S&P Global were worth $1,604,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth approximately $31,000. HWG Holdings LP purchased a new position in S&P Global during the second quarter valued at approximately $27,000. Finally, Voisard Asset Management Group Inc. increased its stake in S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.7 %

SPGI stock opened at $501.70 on Friday. The stock has a market capitalization of $155.68 billion, a price-to-earnings ratio of 44.28, a price-to-earnings-growth ratio of 2.22 and a beta of 1.20. The company has a 50-day moving average of $504.75 and a two-hundred day moving average of $500.78. S&P Global Inc. has a 52-week low of $407.69 and a 52-week 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.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on SPGI shares. Morgan Stanley boosted their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company lowered their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. UBS Group raised their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $583.62.

About S&P Global

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.