Renaissance Technologies LLC bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 106,222 shares of the business services provider's stock, valued at approximately $52,902,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. grew its stake in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares during the period. Sound Income Strategies LLC increased its holdings in S&P Global by 700.0% in the fourth 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 in the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global in the fourth quarter valued at approximately $40,000. Institutional investors own 87.17% of the company's stock.
S&P Global Stock Performance
Shares of SPGI stock traded up $1.03 during trading on Tuesday, hitting $472.62. The company's stock had a trading volume of 278,295 shares, compared to its average volume of 1,237,904. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $148.33 billion, a PE ratio of 38.27, a P/E/G ratio of 2.41 and a beta of 1.26. The business has a fifty day moving average of $503.97 and a 200-day moving average of $505.85. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the business posted $3.13 EPS. As a group, research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is 31.09%.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Morgan Stanley boosted their target price 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. Finally, Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average price target of $595.14.
Check Out Our Latest Stock Report on SPGI
S&P Global Company 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.
Further Reading
Before you consider S&P Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.
While S&P Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
