PNC Financial Services Group Inc. lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 682,157 shares of the business services provider's stock after selling 8,007 shares during the quarter. PNC Financial Services Group Inc. owned 0.22% of S&P Global worth $339,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of SPGI. Raymond James Financial Inc. bought a new position in S&P Global in the 4th quarter valued at $527,207,000. Proficio Capital Partners LLC grew its stake in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global in the 3rd quarter valued at $224,976,000. FMR LLC grew its stake in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the 4th quarter valued at $144,091,000. Institutional investors own 87.17% of the company's stock.
Analyst Ratings Changes
SPGI has been the topic of a number of recent research reports. Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Finally, 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. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $590.23.
Read Our Latest Report on SPGI
S&P Global Price Performance
Shares of NYSE:SPGI traded down $16.86 on Friday, hitting $497.35. The company's stock had a trading volume of 1,911,156 shares, compared to its average volume of 1,146,500. The company has a 50-day simple moving average of $515.06 and a 200 day simple moving average of $511.59. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a market capitalization of $153.08 billion, a PE ratio of 40.27, a PEG 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.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 period in the previous year, the company posted $3.13 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is presently 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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