Adams Diversified Equity Fund Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 32.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,800 shares of the business services provider's stock after purchasing an additional 11,100 shares during the quarter. S&P Global comprises about 0.9% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 28th biggest position. Adams Diversified Equity Fund Inc.'s holdings in S&P Global were worth $22,810,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. lifted its holdings in S&P Global by 5.0% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 24,788 shares of the business services provider's stock worth $12,345,000 after purchasing an additional 1,174 shares during the last quarter. HUB Investment Partners LLC raised its position in shares of S&P Global by 14.7% in the fourth quarter. HUB Investment Partners LLC now owns 1,266 shares of the business services provider's stock valued at $631,000 after purchasing an additional 162 shares during the period. Whittier Trust Co. lifted its stake in shares of S&P Global by 2.2% in the fourth quarter. Whittier Trust Co. now owns 63,038 shares of the business services provider's stock worth $31,394,000 after buying an additional 1,347 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $597,000. Finally, iA Global Asset Management Inc. boosted its holdings in shares of S&P Global by 12.9% during the 4th quarter. iA Global Asset Management Inc. now owns 73,171 shares of the business services provider's stock worth $36,441,000 after buying an additional 8,352 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.
S&P Global Price Performance
Shares of NYSE:SPGI traded up $9.89 during midday trading on Tuesday, reaching $513.83. 1,350,988 shares of the company's stock were exchanged, compared to its average volume of 1,155,440. 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 simple moving average is $514.28 and its two-hundred day simple moving average is $510.31. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market capitalization of $158.16 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter in the previous year, the business earned $3.13 earnings per share. Equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global's payout ratio is currently 31.09%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on SPGI. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. 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 report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus price target of $590.86.
Check Out Our Latest Research Report 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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