Stifel Financial Corp lowered its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 519,687 shares of the business services provider's stock after selling 23,670 shares during the period. Stifel Financial Corp owned about 0.17% of S&P Global worth $258,831,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after buying an additional 116,208 shares in the last quarter. Norges Bank bought a new position in shares of S&P Global during the fourth quarter valued at $1,725,084,000. Amundi lifted its position in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in S&P Global by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider's stock worth $995,795,000 after purchasing an additional 62,770 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its holdings in S&P Global by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 1,868,814 shares of the business services provider's stock valued at $930,725,000 after acquiring an additional 9,880 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Trading Up 0.9 %
SPGI stock traded up $4.42 during midday trading on Wednesday, hitting $470.84. The stock had a trading volume of 1,232,137 shares, compared to its average volume of 1,239,265. The firm has a market cap of $147.77 billion, a PE ratio of 38.12, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The company's 50-day moving average price is $494.80 and its 200 day moving average price is $503.54.
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 (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 prior year, the business earned $3.13 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given 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 yield of 0.82%. S&P Global's dividend payout ratio is 31.09%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on SPGI. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Wells Fargo & Company lowered their price objective on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. BMO Capital Markets increased their price target 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 lifted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, S&P Global currently has an average rating of "Moderate Buy" and a consensus target price of $591.86.
Read Our Latest Research Report on S&P Global
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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