Penobscot Investment Management Company Inc. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,369 shares of the business services provider's stock after selling 1,516 shares during the period. Penobscot Investment Management Company Inc.'s holdings in S&P Global were worth $8,650,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Headinvest LLC raised its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares in the last quarter. EWA LLC raised its stake in shares of 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 buying an additional 20 shares in the last quarter. Continuum Advisory LLC lifted its holdings 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 valued at $788,000 after buying an additional 20 shares during the period. Parkside Financial Bank & Trust grew its holdings in S&P Global by 2.0% during 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. Finally, Personal CFO Solutions LLC raised its position 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 worth $336,000 after acquiring an additional 20 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
S&P Global Stock Down 1.2 %
Shares of NYSE SPGI traded down $6.31 on Friday, hitting $502.33. The company had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The firm has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The business has a 50 day moving average of $515.20 and a two-hundred day moving average of $510.14.
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 earnings per share (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 in the prior year, the firm posted $3.13 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was 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 31.09%.
Analyst Ratings Changes
SPGI has been the topic of a number of recent analyst reports. Citigroup started coverage on shares of 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. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $590.86.
View Our Latest Report on SPGI
About S&P Global
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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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