Segall Bryant & Hamill LLC trimmed its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,096 shares of the business services provider's stock after selling 1,117 shares during the period. Segall Bryant & Hamill LLC's holdings in S&P Global were worth $19,969,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in S&P Global during the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC raised its position in shares of S&P Global by 71,024.1% during 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 acquiring an additional 618,620 shares in the last quarter. FMR LLC boosted its holdings in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after purchasing an additional 369,598 shares during the period. Union Bancaire Privee UBP SA acquired a new position in S&P Global in the fourth quarter worth $144,091,000. Finally, Wellington Management Group LLP increased its stake in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Down 1.2 %
SPGI stock traded down $6.31 during trading hours on Friday, hitting $502.33. The company's stock had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The stock has a 50 day moving average price of $515.20 and a two-hundred day moving average price of $510.10. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The company has a market capitalization of $157.65 billion, a PE ratio of 40.67, a price-to-earnings-growth 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 (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm earned $3.13 earnings per share. On average, equities research analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's dividend payout ratio is currently 31.09%.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on SPGI shares. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Evercore ISI upped their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $590.86.
Read Our Latest Analysis on S&P Global
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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