Atlas Legacy Advisors LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,068 shares of the business services provider's stock, valued at approximately $532,000.
A number of other institutional investors also recently made changes to their positions in the stock. Headinvest LLC raised its position in shares of S&P Global by 2.0% in the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares in the last quarter. EWA LLC lifted its stake in 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 during the period. Continuum Advisory LLC boosted its holdings in shares of S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after buying an additional 20 shares in the last quarter. Fullcircle Wealth LLC grew its position in shares of S&P Global by 1.2% during the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider's stock worth $872,000 after buying an additional 21 shares during the period. Finally, Symphony Financial Ltd. Co. grew its position in shares of S&P Global by 3.2% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 705 shares of the business services provider's stock worth $361,000 after buying an additional 22 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Trading Down 0.4 %
Shares of NYSE SPGI traded down $2.38 during mid-day trading on Friday, reaching $533.05. 1,335,113 shares of the company's stock were exchanged, compared to its average volume of 1,359,665. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company's 50-day moving average is $509.53 and its 200-day moving average is $508.60. The firm has a market capitalization of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the business earned $3.13 earnings per share. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.72%. S&P Global's dividend payout ratio is currently 29.47%.
Wall Street Analysts Forecast Growth
SPGI has been the topic of a number of recent research reports. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Finally, Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $590.23.
Check Out Our Latest Stock Analysis on SPGI
About S&P Global
(
Free Report)
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.
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