Haverford Trust Co increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 383,870 shares of the business services provider's stock after acquiring an additional 1,509 shares during the quarter. S&P Global makes up about 1.9% of Haverford Trust Co's portfolio, making the stock its 18th biggest holding. Haverford Trust Co owned approximately 0.12% of S&P Global worth $191,179,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Dunhill Financial LLC increased its position in shares of S&P Global by 94.4% during the 3rd 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. Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% in 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 during the period. Finally, BankPlus Trust Department acquired a new position in S&P Global in the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Up 2.0 %
NYSE:SPGI traded up $9.89 during mid-day trading on Tuesday, hitting $513.83. The stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,154,689. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a 50-day simple moving average of $514.89 and a two-hundred day simple moving average of $510.33. 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 company has a market capitalization of $158.16 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the business posted $3.13 EPS. On average, equities research analysts anticipate 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 given a dividend of $0.96 per share. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio is currently 31.09%.
Analyst Ratings Changes
SPGI has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Citigroup assumed coverage on 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. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Three 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 a consensus rating of "Moderate Buy" and a consensus target price of $590.86.
Read Our Latest Stock Analysis on S&P Global
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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