First Foundation Advisors Grows Position in S&P Global Inc. (NYSE:SPGI)

First Foundation Advisors boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,215 shares of the business services provider's stock after acquiring an additional 1,045 shares during the period. First Foundation Advisors' holdings in S&P Global were worth $4,589,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Treasurer of the State of North Carolina boosted its holdings in S&P Global by 0.3% in the 4th quarter. Treasurer of the State of North Carolina now owns 138,003 shares of the business services provider's stock valued at $68,730,000 after purchasing an additional 406 shares during the last quarter. Legacy Financial Advisors Inc. lifted its holdings in S&P Global by 6.4% in the fourth quarter. Legacy Financial Advisors Inc. now owns 1,314 shares of the business services provider's stock valued at $655,000 after acquiring an additional 79 shares during the last quarter. CenterBook Partners LP grew its position in S&P Global by 101.0% in the fourth quarter. CenterBook Partners LP now owns 3,841 shares of the business services provider's stock worth $1,913,000 after acquiring an additional 1,930 shares during the period. DRW Securities LLC increased its stake in S&P Global by 161.7% during the fourth quarter. DRW Securities LLC now owns 2,580 shares of the business services provider's stock worth $1,284,000 after acquiring an additional 1,594 shares during the last quarter. Finally, APG Asset Management N.V. increased its stake in S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider's stock worth $139,718,000 after acquiring an additional 270,930 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Remove Ads

S&P Global Stock Up 0.1 %

Shares of SPGI stock traded up $0.52 on Tuesday, reaching $472.11. 346,423 shares of the stock were exchanged, compared to its average volume of 1,427,366. The company has a market capitalization of $148.17 billion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.41 and a beta of 1.26. The business's 50 day moving average price is $503.97 and its 200 day moving average price is $505.85. 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 twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company posted $3.13 earnings per share. As a group, sell-side 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 business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.81%. S&P Global's dividend payout ratio is presently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of several research analyst reports. Oppenheimer lowered their target price on shares of 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. Morgan Stanley lifted their target price 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. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. 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. Finally, Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of "Moderate Buy" and a consensus price target of $595.14.

S&P Global Profile

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.