Chicago Capital LLC raised its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,248 shares of the business services provider's stock after buying an additional 580 shares during the period. Chicago Capital LLC's holdings in S&P Global were worth $10,796,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the 4th quarter valued at $27,000. Human Investing LLC bought a new stake in S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC acquired a new position in S&P Global in the 4th quarter valued at $31,000. Finally, Hazlett Burt & Watson Inc. increased its position in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares during the period. 87.17% of the stock is currently owned by institutional investors.
S&P Global Price Performance
Shares of SPGI stock traded down $3.85 during trading hours on Tuesday, reaching $501.15. The company's stock had a trading volume of 1,197,002 shares, compared to its average volume of 1,224,466. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The firm's 50 day simple moving average is $498.39 and its 200-day simple moving average is $503.71. 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 company has a market capitalization of $153.70 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 2.41 and a beta of 1.20.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. The business had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. S&P Global's revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm posted $4.01 earnings per share. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.
S&P Global Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.
Insider Buying and Selling
In other news, EVP Sally Moore sold 500 shares of the company'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 completion of the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on SPGI. Bank of America started coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company raised their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Finally, Robert W. Baird reduced their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Two investment 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 MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.
View Our Latest Analysis on SPGI
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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