GAMMA Investing LLC grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 60,982.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,139,101 shares of the business services provider's stock after buying an additional 2,135,599 shares during the quarter. GAMMA Investing LLC owned 0.68% of S&P Global worth $1,086,877,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter worth $25,000. Anderson Financial Strategies LLC purchased a new stake in shares of S&P Global during the 4th quarter worth $27,000. Human Investing LLC bought a new stake in S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. boosted 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 purchasing an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a research report on Wednesday, February 12th. Wall Street Zen downgraded S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective on the stock. Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Finally, Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.
Get Our Latest Stock Report on SPGI
Insider Activity at S&P Global
In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is owned by company insiders.
S&P Global Stock Performance
Shares of NYSE:SPGI traded down $0.13 during trading on Monday, hitting $512.73. The stock had a trading volume of 540,860 shares, compared to its average volume of 1,218,963. S&P Global Inc. has a 12-month low of $424.82 and a 12-month high of $545.39. The stock has a market capitalization of $157.25 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. 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 stock has a 50-day simple moving average of $492.04 and a two-hundred day simple moving average of $503.84.
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 (EPS) for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the business posted $4.01 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.
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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