FMR LLC cut its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,894,110 shares of the business services provider's stock after selling 71,259 shares during the period. FMR LLC owned 1.90% of S&P Global worth $2,935,444,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its stake in shares of S&P Global by 3.2% in the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares in the last quarter. Centiva Capital LP acquired a new stake in S&P Global in the 3rd quarter valued at about $478,000. Quarry LP bought a new position in shares of S&P Global in the third quarter worth about $55,000. Kovitz Investment Group Partners LLC raised its stake in shares of S&P Global by 24.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 15,689 shares of the business services provider's stock worth $8,105,000 after acquiring an additional 3,073 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its position in shares of S&P Global by 3.7% during the third quarter. EP Wealth Advisors LLC now owns 109,787 shares of the business services provider's stock worth $56,718,000 after purchasing an additional 3,877 shares in the last quarter. 87.17% of the stock is owned by institutional investors.
S&P Global Trading Up 1.4 %
Shares of NYSE SPGI traded up $6.61 during midday trading on Friday, reaching $464.37. 444,894 shares of the stock were exchanged, compared to its average volume of 1,240,349. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market capitalization of $145.74 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50-day simple moving average of $505.78 and a two-hundred day simple moving average of $506.52.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 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 in the prior year, the firm posted $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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SPGI. Wells Fargo & Company upped 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. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price for the company. BMO Capital Markets raised 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. Bank of America initiated coverage on S&P Global in a report on Thursday. They set a "buy" rating and a $600.00 price objective for the company. Finally, Mizuho initiated coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $595.14.
Check Out Our Latest Research Report on SPGI
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.
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