Teacher Retirement System of Texas lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 185,554 shares of the business services provider's stock after acquiring an additional 50,165 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.06% of S&P Global worth $92,411,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Sandy Spring Bank lifted its position in shares of S&P Global by 18.1% in the fourth quarter. Sandy Spring Bank now owns 13,615 shares of the business services provider's stock valued at $6,781,000 after acquiring an additional 2,089 shares in the last quarter. Royal London Asset Management Ltd. raised its stake in S&P Global by 4.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 166,438 shares of the business services provider's stock valued at $82,891,000 after purchasing an additional 6,825 shares during the period. Next Capital Management LLC purchased a new position in S&P Global in the 4th quarter worth approximately $236,000. Trivest Advisors Ltd bought a new position in S&P Global in the 4th quarter worth approximately $18,128,000. Finally, First Financial Bankshares Inc grew its holdings in S&P Global by 0.3% during the 4th quarter. First Financial Bankshares Inc now owns 29,255 shares of the business services provider's stock valued at $14,570,000 after buying an additional 93 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
SPGI has been the subject of a number of research reports. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target on the stock. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Oppenheimer cut their price target 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. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $590.86.
Read Our Latest Stock Report on S&P Global
S&P Global Trading Up 1.2 %
NYSE SPGI traded up $6.12 during trading on Monday, hitting $504.00. The stock had a trading volume of 1,560,643 shares, compared to its average volume of 1,156,535. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock has a 50 day simple moving average of $513.85 and a 200 day simple moving average of $510.40. The stock has a market capitalization of $155.13 billion, a price-to-earnings ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.
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 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company posted $3.13 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is currently 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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