Sterling Capital Management LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,728 shares of the business services provider's stock after selling 5,478 shares during the quarter. Sterling Capital Management LLC's holdings in S&P Global were worth $19,288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the business. Human Investing LLC bought a new stake in shares of S&P Global in the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of S&P Global by 700.0% in the fourth 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 period. Finally, BankPlus Trust Department bought a new stake in S&P Global during the 4th quarter valued at $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
S&P Global Trading Down 1.8 %
NYSE:SPGI traded down $8.34 during midday trading on Wednesday, reaching $462.37. 284,821 shares of the stock traded hands, compared to its average volume of 1,421,745. 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 company has a fifty day moving average of $503.02 and a 200 day moving average of $505.60. The stock has a market capitalization of $145.11 billion, a P/E ratio of 37.44, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates 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 period last year, the company posted $3.13 EPS. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current 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 given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.83%. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is currently 31.09%.
Wall Street Analyst Weigh In
SPGI has been the subject of several analyst reports. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. 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 research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Finally, Evercore ISI lifted their price target 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $593.71.
View Our Latest Research Report on S&P Global
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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