IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,797 shares of the business services provider's stock after selling 733 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in S&P Global were worth $2,389,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its stake in shares of S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after buying an additional 28 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in S&P Global by 11.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider's stock valued at $305,000 after acquiring an additional 62 shares in the last quarter. Penserra Capital Management LLC raised its position in S&P Global by 114.0% during the third quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider's stock worth $1,672,000 after acquiring an additional 1,726 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of S&P Global by 471.1% in the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock valued at $112,000 after purchasing an additional 179 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in shares of S&P Global by 8.2% in the third quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider's stock valued at $3,368,000 after purchasing an additional 492 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on SPGI shares. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Finally, BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.
Read Our Latest Report on SPGI
S&P Global Trading Down 1.2 %
Shares of SPGI stock traded down $6.31 on Friday, reaching $502.33. 1,140,449 shares of the stock were exchanged, compared to its average volume of 1,220,368. 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 stock has a market cap of $157.65 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The firm has a 50 day moving average of $515.20 and a two-hundred day moving average of $510.14. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results 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 last year, the firm earned $3.13 earnings per share. On average, 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 declared 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 represents a $3.84 dividend on an annualized basis and a yield of 0.76%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's payout ratio is 31.09%.
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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