Loomis Sayles & Co. L P cut its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 912,784 shares of the business services provider's stock after selling 57,724 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.29% of S&P Global worth $454,594,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Human Investing LLC purchased a new position in S&P Global in the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter worth approximately $31,000. Dunhill Financial LLC lifted 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. Sound Income Strategies LLC boosted its stake in 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 valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in S&P Global during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Morgan Stanley upped their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group lifted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $590.86.
View Our Latest Report on SPGI
S&P Global Price Performance
Shares of S&P Global stock traded down $6.31 on Friday, hitting $502.33. 1,140,449 shares of the company traded hands, compared to its average volume of 1,220,368. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The business has a 50-day simple moving average of $515.20 and a 200 day simple moving average of $510.14. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market capitalization of $157.65 billion, a P/E ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.
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 EPS for the quarter, topping 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 company posted $3.13 EPS. Research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio 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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