Mizuho Securities USA LLC raised its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 44.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 30,092 shares of the business services provider's stock after purchasing an additional 9,329 shares during the period. Mizuho Securities USA LLC's holdings in S&P Global were worth $14,987,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in SPGI. Raymond James Financial Inc. bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC lifted its stake in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after purchasing an additional 618,620 shares in the last quarter. FMR LLC boosted its holdings in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the fourth quarter valued at about $144,091,000. Finally, Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Stock Up 1.5 %
Shares of S&P Global stock traded up $7.51 during trading on Tuesday, reaching $511.45. The company's stock had a trading volume of 444,277 shares, compared to its average volume of 1,155,440. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a 50-day simple moving average of $514.28 and a two-hundred day simple moving average of $510.31. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $157.42 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 2.41 and a beta of 1.20.
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 (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 quarter in the prior year, the company earned $3.13 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. 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%.
Analysts Set New Price Targets
SPGI has been the topic of several recent research reports. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target for the company. Wells Fargo & Company upped their price objective on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $590.86.
Read Our Latest Research Report on SPGI
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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