Prudential Financial Inc. lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 446,546 shares of the business services provider's stock after selling 54,943 shares during the quarter. Prudential Financial Inc. owned about 0.14% of S&P Global worth $222,393,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB grew its holdings in S&P Global by 11.8% during the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after buying an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC boosted its position in shares of S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after acquiring an additional 28 shares during the last quarter. Eagle Asset Management Inc. grew its holdings in shares of S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider's stock valued at $2,784,000 after purchasing an additional 1,936 shares in the last quarter. GenTrust LLC purchased a new position in shares of S&P Global in the third quarter valued at $274,000. Finally, Great Valley Advisor Group Inc. increased its position in S&P Global by 11.7% in the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider's stock worth $305,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 87.17% of the company's stock.
Analysts Set New Price Targets
Several research firms have commented on SPGI. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company increased their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. Finally, BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $590.86.
Read Our Latest Analysis on SPGI
S&P Global Trading Up 2.0 %
Shares of SPGI traded up $9.89 during trading hours on Tuesday, reaching $513.83. 1,350,988 shares of the company traded hands, compared to its average volume of 1,154,689. The stock's fifty day moving average price is $514.89 and its 200 day moving average price is $510.33. 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 firm has a market cap of $158.16 billion, a price-to-earnings ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39.
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 earnings per share (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 period in the previous year, the business posted $3.13 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 31.09%.
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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