Polymer Capital Management HK LTD bought a new position in S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,571 shares of the business services provider's stock, valued at approximately $4,767,000.
A number of other institutional investors also recently modified their holdings of SPGI. Human Investing LLC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. grew its position in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares in the last quarter. Dunhill Financial LLC grew its position in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
Wall Street Analyst Weigh In
SPGI has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Bank of America initiated coverage on S&P Global in a research note on Thursday. They set a "buy" rating and a $600.00 price target for the company. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Finally, Wells Fargo & Company increased their price target on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $595.14.
View Our Latest Stock Analysis on SPGI
S&P Global Stock Performance
Shares of NYSE SPGI traded up $7.18 during mid-day trading on Friday, hitting $464.94. The company had a trading volume of 444,894 shares, compared to its average volume of 1,240,349. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market cap of $145.92 billion, a P/E ratio of 37.39, a PEG ratio of 2.41 and a beta of 1.26. The business's 50-day simple moving average is $505.78 and its 200-day simple moving average is $506.52. 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 results on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 business posted $3.13 earnings per share. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. 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%.
S&P Global Company Profile
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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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