Sei Investments Co. reduced its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 368,885 shares of the business services provider's stock after selling 8,184 shares during the quarter. Sei Investments Co. owned about 0.12% of S&P Global worth $183,718,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Human Investing LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC raised its stake in S&P Global by 94.4% during 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 position 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 worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new position in shares of S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. StockNews.com downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI boosted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and a consensus price target of $590.86.
Read Our Latest Stock Analysis on S&P Global
S&P Global Trading Down 1.0 %
Shares of SPGI traded down $5.17 during midday trading on Wednesday, hitting $507.99. The stock had a trading volume of 1,053,784 shares, compared to its average volume of 1,154,037. The business has a 50-day simple moving average of $514.89 and a two-hundred day simple moving average of $510.33. The firm has a market cap of $156.36 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.
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 EPS for the quarter, topping 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 last year, the business posted $3.13 earnings per share. As a group, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.76%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's payout ratio is presently 31.09%.
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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