Addenda Capital Inc. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 30.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,019 shares of the business services provider's stock after acquiring an additional 3,970 shares during the quarter. Addenda Capital Inc.'s holdings in S&P Global were worth $8,647,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC purchased a new position in S&P Global in the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the 4th quarter valued at $27,000. Human Investing LLC bought a new stake in S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. increased its position in S&P Global by 131.0% during the fourth 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 during the last quarter. 87.17% of the stock is currently owned by institutional investors.
Insider Activity
In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.10% of the company's stock.
S&P Global Price Performance
Shares of NYSE:SPGI traded up $2.96 during trading on Thursday, reaching $516.90. The stock had a trading volume of 336,938 shares, compared to its average volume of 1,217,742. The business has a fifty day moving average price of $492.47 and a 200-day moving average price of $504.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $158.53 billion, a PE ratio of 41.85, a PEG ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 1-year low of $425.49 and a 1-year high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the business earned $4.01 EPS. The company's revenue was up 8.2% on a year-over-year basis. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. S&P Global's payout ratio is 30.16%.
Analyst Ratings Changes
Several research analysts have issued reports on SPGI shares. Wall Street Zen lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. UBS Group raised their price target on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Stifel Nicolaus reduced their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Finally, Robert W. Baird reduced their price objective on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $592.71.
Read Our Latest Stock Report 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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