Canada Pension Plan Investment Board lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 33.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 314,152 shares of the business services provider's stock after selling 156,699 shares during the period. Canada Pension Plan Investment Board owned about 0.10% of S&P Global worth $156,457,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Human Investing LLC acquired a new stake in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. raised its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after buying an additional 38 shares during the period. Sound Income Strategies LLC increased its holdings in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in S&P Global in the 4th quarter valued at $40,000. 87.17% of the stock is currently owned by institutional investors.
S&P Global Stock Performance
SPGI traded up $5.11 during midday trading on Wednesday, reaching $471.53. The company had a trading volume of 457,815 shares, compared to its average volume of 1,240,706. The business has a 50-day moving average price of $496.18 and a two-hundred day moving average price of $503.76. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The stock has a market cap of $147.99 billion, a PE ratio of 38.18, a P/E/G ratio of 2.41 and a beta of 1.26.
S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company earned $3.13 earnings per share. On average, sell-side 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued 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 of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.81%. S&P Global's payout ratio is presently 31.09%.
Analyst Ratings Changes
SPGI has been the topic of a number of recent analyst reports. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $591.86.
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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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