Tower Research Capital LLC TRC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 64.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,796 shares of the business services provider's stock after acquiring an additional 5,809 shares during the period. Tower Research Capital LLC TRC's holdings in S&P Global were worth $7,369,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. Sound Income Strategies LLC lifted its stake in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Evercore ISI raised their price target 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. UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price target on the stock. Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $591.86.
Get Our Latest Analysis on S&P Global
S&P Global Price Performance
SPGI stock traded up $4.42 during trading hours on Wednesday, hitting $470.84. 1,232,137 shares of the stock traded hands, compared to its average volume of 1,239,265. The stock has a 50-day simple moving average of $494.80 and a 200 day simple moving average of $503.54. The company has a market cap of $147.77 billion, a P/E ratio of 38.12, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. 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 (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 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 quarter last year, the business posted $3.13 earnings per share. Equities analysts forecast 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. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.82%. This is a boost from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio 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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