Topsail Wealth Management LLC acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 606 shares of the business services provider's stock, valued at approximately $302,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after acquiring an additional 116,208 shares during the last quarter. Norges Bank bought a new position in S&P Global during the 4th quarter valued at approximately $1,725,084,000. Amundi lifted its stake in S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock valued at $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Finally, Cantillon Capital Management LLC boosted its position in S&P Global by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock valued at $930,725,000 after acquiring an additional 9,880 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Stock Down 0.2 %
NYSE:SPGI traded down $1.14 during mid-day trading on Monday, reaching $478.86. The company's stock had a trading volume of 1,531,067 shares, compared to its average volume of 1,224,669. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $150.29 billion, a PE ratio of 38.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The stock has a fifty day moving average of $492.37 and a 200-day moving average of $502.89. S&P Global Inc. has a 1 year low of $408.84 and a 1 year high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last released 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 previous year, the company posted $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on SPGI shares. Bank of America initiated coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective for the company. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Mizuho initiated coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley upped their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $591.86.
Read Our Latest Stock Analysis on S&P Global
S&P Global 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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