Capital Analysts LLC Has $13.14 Million Stake in S&P Global Inc. (NYSE:SPGI)

Capital Analysts LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 856.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,391 shares of the business services provider's stock after acquiring an additional 23,632 shares during the period. Capital Analysts LLC's holdings in S&P Global were worth $13,143,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. grew its stake in shares of 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 valued at $32,000 after acquiring an additional 38 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of 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 valued at $36,000 after acquiring an additional 63 shares in the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of S&P Global in the fourth quarter valued at about $40,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPGI. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Mizuho initiated coverage on shares of 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. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company reduced their price objective on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price of $591.86.

S&P Global Price Performance

Shares of NYSE:SPGI traded down $1.14 during trading on Monday, hitting $478.86. 1,531,067 shares of the company were exchanged, compared to its average volume of 1,224,669. The business's 50 day moving average is $491.09 and its 200-day moving average is $502.59. The company has a market capitalization of $150.29 billion, a P/E ratio of 38.77, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. 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 Inc. has a 1-year low of $408.84 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 period in the prior year, the business earned $3.13 earnings per share. Equities analysts forecast 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. 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 yield of 0.80%. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio is presently 31.09%.

S&P Global Company Profile

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.