Legal & General Group Plc cut its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,080,220 shares of the business services provider's stock after selling 685,673 shares during the quarter. Legal & General Group Plc owned about 0.67% of S&P Global worth $1,036,012,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in S&P Global during the 4th quarter worth about $31,000. Hazlett Burt & Watson Inc. boosted its holdings in S&P Global by 131.0% during the 4th 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 during the period. Dunhill Financial LLC grew its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after acquiring an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in S&P Global by 700.0% during the fourth 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 period. 87.17% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
SPGI has been the subject of a number of research reports. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective for the company. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective on the stock. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. UBS Group upped their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $595.14.
Read Our Latest Stock Report on SPGI
S&P Global Stock Up 1.6 %
Shares of NYSE:SPGI traded up $7.38 during trading on Friday, hitting $465.14. 1,045,172 shares of the company were exchanged, compared to its average volume of 1,243,081. The firm's 50 day moving average price is $504.81 and its 200-day moving average price is $506.17. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. 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 stock has a market capitalization of $145.98 billion, a P/E ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results 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 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, research analysts predict that S&P Global Inc. will post 17.11 earnings per share 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. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
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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