Kornitzer Capital Management Inc. KS lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 36,824 shares of the business services provider's stock after selling 3,709 shares during the quarter. Kornitzer Capital Management Inc. KS's holdings in S&P Global were worth $18,339,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Headinvest LLC increased its stake in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after buying an additional 20 shares during the last quarter. EWA LLC grew its holdings in S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock worth $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC increased its position in shares of S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after purchasing an additional 20 shares during the last quarter. Fullcircle Wealth LLC raised its stake in shares of S&P Global by 1.2% in the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider's stock valued at $872,000 after purchasing an additional 21 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its stake in shares of S&P Global by 3.2% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 705 shares of the business services provider's stock valued at $361,000 after purchasing an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on SPGI. Stifel Nicolaus boosted their price objective on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $590.23.
View Our Latest Research Report on SPGI
S&P Global Stock Performance
Shares of NYSE SPGI traded down $2.38 during midday trading on Friday, reaching $533.05. 1,335,113 shares of the company traded hands, compared to its average volume of 1,359,665. The company has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20. The stock has a 50-day moving average price of $510.08 and a 200 day moving average price of $509.03. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.
S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 quarter last year, the firm earned $3.13 EPS. Sell-side analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 29.47%.
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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