Asset Management One Co. Ltd. increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 153,466 shares of the business services provider's stock after purchasing an additional 1,432 shares during the period. Asset Management One Co. Ltd.'s holdings in S&P Global were worth $77,009,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in SPGI. Avestar Capital LLC boosted its position in S&P Global by 18.6% during the fourth quarter. Avestar Capital LLC now owns 2,306 shares of the business services provider's stock valued at $1,148,000 after buying an additional 362 shares during the period. MGB Wealth Management LLC boosted its holdings in S&P Global by 8.2% during the 4th quarter. MGB Wealth Management LLC now owns 501 shares of the business services provider's stock valued at $250,000 after acquiring an additional 38 shares during the period. Hemington Wealth Management boosted its holdings in S&P Global by 10.0% during the 4th quarter. Hemington Wealth Management now owns 263 shares of the business services provider's stock valued at $130,000 after acquiring an additional 24 shares during the period. Stanley Laman Group Ltd. boosted its holdings in S&P Global by 29.8% during the 4th quarter. Stanley Laman Group Ltd. now owns 571 shares of the business services provider's stock valued at $284,000 after acquiring an additional 131 shares during the period. Finally, Consolidated Planning Corp boosted its holdings in S&P Global by 2.8% during the 4th quarter. Consolidated Planning Corp now owns 7,602 shares of the business services provider's stock valued at $3,786,000 after acquiring an additional 206 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Stock Down 0.5 %
Shares of SPGI traded down $2.55 during trading hours on Monday, hitting $539.77. The company had a trading volume of 973,325 shares, compared to its average volume of 1,209,243. The firm has a fifty day moving average price of $507.39 and a 200-day moving average price of $507.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $167.49 billion, a price-to-earnings ratio of 47.64, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results 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 net margin of 25.80% and a return on equity of 13.72%. During the same period in the previous year, the firm earned $3.13 earnings per share. On average, equities research analysts forecast that S&P Global Inc. will post 15.34 EPS for the current fiscal 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 $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.71%. S&P Global's payout ratio is 32.13%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a research note 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 target for the company. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a report on Friday, October 25th. Finally, Robert W. Baird increased their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $587.92.
Check Out Our Latest Analysis on SPGI
S&P Global Company 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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