Campbell Wealth Management 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 Securities & Exchange Commission. The firm acquired 630 shares of the business services provider's stock, valued at approximately $314,000.
Several other institutional investors also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services purchased a new stake in S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the third quarter valued at approximately $31,000. Voisard Asset Management Group Inc. grew its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Stock Performance
NYSE:SPGI traded up $3.39 during mid-day trading on Tuesday, hitting $543.08. The company's stock had a trading volume of 1,744,969 shares, compared to its average volume of 1,340,320. The business's fifty day moving average is $507.92 and its two-hundred day moving average is $507.77. The stock has a market cap of $168.52 billion, a price-to-earnings ratio of 47.93, a PEG ratio of 2.39 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last issued its 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 return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the business earned $3.13 EPS. Analysts anticipate that S&P Global Inc. will post 15.34 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global's dividend payout ratio (DPR) is presently 32.13%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on SPGI shares. BMO Capital Markets raised their price objective 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. UBS Group boosted 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. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $590.23.
Get Our Latest Report 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.
Further Reading
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