Bridgewater Advisors Inc. acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,952 shares of the business services provider's stock, valued at approximately $960,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Graham Capital Management L.P. bought a new stake in shares of S&P Global in the 4th quarter worth about $14,040,000. GAMMA Investing LLC increased its holdings in shares of S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock worth $2,139,000 after buying an additional 708 shares during the last quarter. Wayfinding Financial LLC bought a new stake in shares of S&P Global in the 4th quarter worth about $300,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of S&P Global by 1.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock worth $44,102,000 after purchasing an additional 1,166 shares during the period. Finally, Alaethes Wealth LLC purchased a new position in shares of S&P Global during the 4th quarter worth about $2,029,000. 87.17% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Argus raised shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Bank of America assumed coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price target for the company. Robert W. Baird dropped their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Finally, Oppenheimer lifted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $596.79.
Get Our Latest Stock Report on SPGI
S&P Global Stock Performance
Shares of S&P Global stock traded down $0.84 during trading on Friday, hitting $524.52. 1,325,432 shares of the company's stock were exchanged, compared to its average volume of 1,292,001. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The business has a 50-day simple moving average of $517.24 and a 200-day simple moving average of $506.12. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39. The stock has a market capitalization of $160.87 billion, a price-to-earnings ratio of 41.20, a PEG ratio of 2.53 and a beta of 1.19.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business earned $4.01 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.73%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is currently 30.16%.
Insiders Place Their Bets
In related news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president directly owned 5,131 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company's stock.
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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