Neuberger Berman Group LLC lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,681,866 shares of the business services provider's stock after selling 192,363 shares during the period. S&P Global makes up 0.7% of Neuberger Berman Group LLC's holdings, making the stock its 18th biggest position. Neuberger Berman Group LLC owned approximately 0.54% of S&P Global worth $837,598,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust raised its position in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares during the period. Personal CFO Solutions LLC grew its holdings in S&P Global by 3.1% in the fourth quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after purchasing an additional 20 shares during the period. Anfield Capital Management LLC increased its position in shares of S&P Global by 25.6% in the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock valued at $54,000 after buying an additional 22 shares in the last quarter. Invenio Wealth Partners LLC increased its position in shares of S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in shares of S&P Global by 4.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider's stock worth $265,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.
S&P Global Trading Down 0.2 %
Shares of NYSE:SPGI traded down $0.98 during midday trading on Tuesday, reaching $470.61. 318,662 shares of the company's stock were exchanged, compared to its average volume of 1,238,060. The stock has a market cap of $147.70 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm's 50 day simple moving average is $503.97 and its two-hundred day simple moving average is $505.85. 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 announced its quarterly earnings results 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 quarter in the previous year, the firm earned $3.13 earnings per share. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently declared 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 positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on SPGI shares. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Oppenheimer cut their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Finally, Citigroup began coverage on S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $595.14.
Check Out Our Latest Stock Analysis on SPGI
About S&P Global
(
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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