Ownership Capital B.V. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,608 shares of the business services provider's stock after selling 10,112 shares during the period. S&P Global comprises 2.5% of Ownership Capital B.V.'s investment portfolio, making the stock its 18th largest holding. Ownership Capital B.V.'s holdings in S&P Global were worth $69,031,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at $29,000. Human Investing LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter valued at $31,000. Finally, Voisard Asset Management Group Inc. boosted its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider's stock valued at $32,000 after buying an additional 27 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SPGI has been the topic of several research reports. BMO Capital Markets raised their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Citigroup initiated coverage on shares of 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 lowered 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 report on Friday, January 3rd. Finally, Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $590.23.
Read Our Latest Research Report on SPGI
S&P Global Price Performance
Shares of NYSE SPGI traded down $2.38 during midday trading on Friday, hitting $533.05. The company had a trading volume of 1,335,113 shares, compared to its average volume of 1,359,665. 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 twelve month low of $407.69 and a twelve month high of $545.39. The business has a 50-day simple moving average of $509.53 and a two-hundred day simple moving average of $508.60. The firm has a market capitalization of $164.07 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth ratio of 2.44 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 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 period in the previous year, the business earned $3.13 earnings per share. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is presently 29.47%.
About S&P Global
(
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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