AssuredPartners Investment Advisors LLC bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,509 shares of the business services provider's stock, valued at approximately $752,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in S&P Global during the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC boosted its position in shares of S&P Global by 71,024.1% during the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of S&P Global during the fourth quarter valued at approximately $144,091,000. Wellington Management Group LLP raised its holdings in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after buying an additional 292,436 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of S&P Global by 52.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider's stock worth $358,839,000 after acquiring an additional 249,242 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
SPGI has been the topic of several recent analyst reports. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Three equities 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $590.86.
Read Our Latest Report on S&P Global
S&P Global Stock Performance
NYSE SPGI traded up $5.57 on Monday, hitting $508.08. 492,851 shares of the company's stock traded hands, compared to its average volume of 1,383,470. The firm has a market capitalization of $159.46 billion, a PE ratio of 41.14, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The firm's 50-day moving average price is $515.20 and its two-hundred day moving average price is $510.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.
S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 quarter in the prior year, the firm earned $3.13 earnings per share. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.91. 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 0.76%. S&P Global's dividend payout ratio is presently 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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