Aigen Investment Management LP acquired a new position in S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,097 shares of the business services provider's stock, valued at approximately $2,590,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth about $25,000. Cheviot Value Management LLC bought a new position in S&P Global in the 1st quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth about $26,000. Anderson Financial Strategies LLC bought a new position in shares of S&P Global during the 4th quarter valued at about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global during the 1st quarter valued at about $28,000. Hedge funds and other institutional investors own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the company. Argus upgraded S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company increased their price objective on S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group raised their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, Oppenheimer raised their price objective on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.69.
Read Our Latest Analysis on SPGI
S&P Global Stock Performance
Shares of SPGI opened at $556.99 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.90. S&P Global Inc. has a one year low of $427.14 and a one year high of $566.42. The firm has a market capitalization of $170.05 billion, a P/E ratio of 42.85, a PEG ratio of 2.98 and a beta of 1.19. The business has a fifty day moving average of $525.43 and a 200 day moving average of $511.06.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $4.43 EPS for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.65 billion. During the same quarter in the previous year, the company posted $4.04 earnings per share. S&P Global's revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.
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.
See Also
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI - Free Report).
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