Mariner LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,489 shares of the business services provider's stock after purchasing an additional 6,010 shares during the quarter. Mariner LLC's holdings in S&P Global were worth $40,086,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in SPGI. Human Investing LLC bought a new position in S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. boosted its holdings in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of S&P Global by 700.0% during the 4th 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 during the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global during the 4th quarter valued at $40,000. Institutional investors own 87.17% of the company's stock.
S&P Global Stock Down 0.3 %
S&P Global stock traded down $1.43 during midday trading on Friday, hitting $462.55. 913,056 shares of the company were exchanged, compared to its average volume of 1,241,471. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a market cap of $145.17 billion, a PE ratio of 37.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company's fifty day moving average price is $499.33 and its 200-day moving average price is $504.61.
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 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 last year, the company posted $3.13 earnings per share. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently declared 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. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.83%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SPGI. UBS Group boosted their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. lowered their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research note on Wednesday, February 12th. Finally, Bank of America assumed coverage on S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $591.86.
Check Out Our Latest Research Report on S&P Global
S&P Global 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.
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