Tribune Investment Group LP acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,000 shares of the business services provider's stock, valued at approximately $12,451,000. S&P Global makes up about 7.0% of Tribune Investment Group LP's investment portfolio, making the stock its largest position.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. Howard Capital Management Group LLC raised its position in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock worth $471,000 after purchasing an additional 28 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in S&P Global by 91.0% during the third quarter. Y Intercept Hong Kong Ltd now owns 1,182 shares of the business services provider's stock worth $611,000 after acquiring an additional 563 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $1,753,000. SkyView Investment Advisors LLC increased its stake in S&P Global by 2.5% during the 3rd quarter. SkyView Investment Advisors LLC now owns 4,957 shares of the business services provider's stock worth $2,561,000 after purchasing an additional 119 shares in the last quarter. Finally, Fulcrum Equity Management acquired a new stake in S&P Global during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
S&P Global Trading Down 0.3 %
Shares of NYSE:SPGI traded down $1.43 during mid-day trading on Friday, reaching $462.55. 913,056 shares of the company's stock were exchanged, compared to its average volume of 1,241,471. The firm has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The business's fifty day moving average price is $499.33 and its 200-day moving average price is $504.61. 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 EPS for the quarter, beating analysts' consensus estimates 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 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 fiscal year.
S&P Global Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's payout ratio is presently 31.09%.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on SPGI. Oppenheimer decreased their price objective 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. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 target price on the stock. Evercore ISI lifted their target price 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. BMO Capital Markets lifted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $591.86.
Check Out Our Latest Stock Analysis on SPGI
S&P Global 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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