Heritage Trust Co acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,252 shares of the business services provider's stock, valued at approximately $624,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after purchasing an additional 28 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in S&P Global by 91.0% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock valued at $611,000 after acquiring an additional 563 shares in the last quarter. Soltis Investment Advisors LLC acquired a new position in S&P Global in the 3rd quarter worth $215,000. Virtu Financial LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $1,753,000. Finally, SkyView Investment Advisors LLC lifted its holdings in shares of S&P Global by 2.5% in the third quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock valued at $2,561,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 87.17% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on SPGI shares. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Morgan Stanley upped their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Finally, UBS Group increased their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $595.14.
Read Our Latest Analysis on SPGI
S&P Global Price Performance
Shares of NYSE SPGI traded down $0.81 during trading hours on Tuesday, hitting $470.78. 1,086,059 shares of the stock were exchanged, compared to its average volume of 1,241,787. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a market cap of $147.75 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 fifty day simple moving average is $503.97 and its two-hundred day simple moving average is $505.85.
S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company posted $3.13 EPS. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.82%. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
S&P Global Company Profile
(
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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