DRW Securities LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 161.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,580 shares of the business services provider's stock after acquiring an additional 1,594 shares during the period. DRW Securities LLC's holdings in S&P Global were worth $1,284,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Human Investing LLC bought a new stake in S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global in the fourth quarter worth $31,000. Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Sound Income Strategies LLC lifted its stake in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the 4th quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Trading Up 0.2 %
Shares of NYSE SPGI traded up $1.03 during midday trading on Tuesday, hitting $472.62. The company's stock had a trading volume of 278,295 shares, compared to its average volume of 1,237,904. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market cap of $148.33 billion, a P/E ratio of 38.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The business's 50 day moving average is $503.97 and its two-hundred day moving average is $505.85.
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 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 last year, the business earned $3.13 EPS. As a group, 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued 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 dividend on an annualized basis and a dividend yield of 0.81%. S&P Global's payout ratio is presently 31.09%.
Analyst Upgrades and Downgrades
A number of research firms recently commented on SPGI. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. UBS Group upped their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Finally, Mizuho assumed coverage on shares of 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. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $595.14.
View Our Latest Research Report on SPGI
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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