Vanguard Group Inc. increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,670,274 shares of the business services provider's stock after purchasing an additional 60,150 shares during the period. Vanguard Group Inc. owned 9.56% of S&P Global worth $14,776,687,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Napatree Capital LLC lifted its stake in shares of S&P Global by 20.1% during the fourth quarter. Napatree Capital LLC now owns 698 shares of the business services provider's stock worth $348,000 after buying an additional 117 shares during the period. Meridian Wealth Advisors LLC lifted its position in S&P Global by 2.2% during the 4th quarter. Meridian Wealth Advisors LLC now owns 11,507 shares of the business services provider's stock worth $5,731,000 after acquiring an additional 252 shares during the period. LPL Financial LLC lifted its position in S&P Global by 6.6% during the 4th quarter. LPL Financial LLC now owns 270,099 shares of the business services provider's stock worth $134,556,000 after acquiring an additional 16,761 shares during the period. Fox Run Management L.L.C. grew its stake in S&P Global by 126.2% during the 4th quarter. Fox Run Management L.L.C. now owns 1,617 shares of the business services provider's stock valued at $805,000 after purchasing an additional 902 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of S&P Global in the fourth quarter valued at about $62,472,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
Analysts Set New Price Targets
SPGI has been the subject of a number of research reports. StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price for the company. Finally, Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $590.86.
Get Our Latest Analysis on SPGI
S&P Global Price Performance
Shares of SPGI stock traded up $9.89 during trading hours on Tuesday, hitting $513.83. 1,350,970 shares of the company's stock were exchanged, compared to its average volume of 1,155,440. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a market cap of $158.16 billion, a P/E ratio of 41.61, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $514.28 and a two-hundred day moving average of $510.31.
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, topping 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 quarter in the previous year, the firm earned $3.13 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS 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. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. 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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