Principal Securities Inc. grew its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 36.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,607 shares of the business services provider's stock after acquiring an additional 969 shares during the period. Principal Securities Inc.'s holdings in S&P Global were worth $1,796,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth approximately $31,000. Voisard Asset Management Group Inc. boosted its position in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC boosted its position in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after purchasing an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Oppenheimer lowered their price objective 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. Evercore ISI upped their price objective 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. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Robert W. Baird upped their price objective on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Three analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $590.23.
Get Our Latest Research Report on SPGI
S&P Global Price Performance
Shares of SPGI traded down $2.38 during midday trading on Friday, hitting $533.05. 1,335,113 shares of the company traded hands, compared to its average volume of 1,359,665. The firm has a 50 day moving average of $509.53 and a 200-day moving average of $508.60. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm posted $3.13 earnings per share. On average, analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 29.47%.
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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