Washington Trust Bank increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 313.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,881 shares of the business services provider's stock after acquiring an additional 1,426 shares during the period. Washington Trust Bank's holdings in S&P Global were worth $937,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of S&P Global by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock valued at $3,332,016,000 after acquiring an additional 113,146 shares during the last quarter. FMR LLC grew its position in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after acquiring an additional 369,598 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in S&P Global by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock worth $1,401,909,000 after acquiring an additional 28,458 shares during the last quarter. Finally, Amundi raised its position in S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock valued at $1,162,979,000 after purchasing an additional 145,434 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.
Wall Street Analysts Forecast Growth
SPGI has been the subject of a number of recent research reports. Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Evercore ISI increased 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. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price target on the stock. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $590.86.
View Our Latest Report on SPGI
S&P Global Stock Performance
Shares of NYSE:SPGI traded up $9.89 on Tuesday, reaching $513.83. The company's stock had a trading volume of 1,350,988 shares, compared to its average volume of 1,155,344. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The stock has a market capitalization of $158.16 billion, a P/E ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20. The stock's 50-day moving average is $514.89 and its two-hundred day moving average is $510.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 prior year, the company earned $3.13 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is presently 31.09%.
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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