LPL Financial LLC lifted its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 6.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 270,099 shares of the business services provider's stock after buying an additional 16,761 shares during the period. LPL Financial LLC owned about 0.09% of S&P Global worth $134,556,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its holdings in S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in S&P Global by 53.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock valued at $2,784,000 after buying an additional 1,936 shares in the last quarter. Great Valley Advisor Group Inc. grew its position in S&P Global by 11.7% in the third 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 during the period. Penserra Capital Management LLC raised its stake 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 in the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of S&P Global by 471.1% during the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider's stock valued at $112,000 after acquiring an additional 179 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Trading Up 2.0 %
Shares of S&P Global stock traded up $9.89 during trading hours on Tuesday, hitting $513.83. The company's stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,154,689. The company has a market capitalization of $158.16 billion, a PE ratio of 41.61, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 stock has a 50 day moving average of $514.28 and a 200 day moving average of $510.31. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last announced its 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the company posted $3.13 EPS. Analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on SPGI shares. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $590.86.
View Our Latest Analysis 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.
Further Reading
Before you consider S&P Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.
While S&P Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
