Capital International Inc. CA boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 14.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,233 shares of the business services provider's stock after buying an additional 7,191 shares during the period. Capital International Inc. CA's holdings in S&P Global were worth $28,006,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares during the period. Personal CFO Solutions LLC increased its position in shares of S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares in the last quarter. Anfield Capital Management LLC increased its position in shares of S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares in the last quarter. Invenio Wealth Partners LLC raised its stake in S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after buying an additional 22 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after acquiring an additional 23 shares in the last quarter. 87.17% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SPGI shares. Morgan Stanley lifted 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. Wells Fargo & Company reduced their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $591.86.
Get Our Latest Stock Analysis on SPGI
S&P Global Stock Performance
Shares of SPGI traded up $9.44 during mid-day trading on Thursday, hitting $479.67. 484,589 shares of the company's stock were exchanged, compared to its average volume of 1,407,988. 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 cap of $150.54 billion, a price-to-earnings ratio of 38.84, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The stock's 50-day simple moving average is $494.80 and its 200-day simple moving average is $503.54. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.
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 the consensus estimate 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 quarter last year, the company posted $3.13 EPS. On average, equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's payout ratio is currently 31.09%.
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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