Kanawha Capital Management LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,469 shares of the business services provider's stock after acquiring an additional 642 shares during the period. Kanawha Capital Management LLC's holdings in S&P Global were worth $6,844,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of SPGI. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the 4th quarter worth $27,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global in the 1st quarter worth $28,000. Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% in 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 in the last quarter. Finally, Alpine Bank Wealth Management bought a new stake in shares of S&P Global in the 1st quarter worth about $33,000. 87.17% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on SPGI shares. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. UBS Group raised their target price on shares of S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Bank of America assumed coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $593.93.
Get Our Latest Report on SPGI
Insiders Place Their Bets
In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president owned 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.10% of the company's stock.
S&P Global Stock Up 1.0%
Shares of S&P Global stock traded up $5.38 on Friday, reaching $531.02. The stock had a trading volume of 578,304 shares, compared to its average volume of 1,233,475. The company has a 50 day moving average price of $511.33 and a 200 day moving average price of $504.09. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $545.39. The stock has a market capitalization of $162.86 billion, a P/E ratio of 41.71, a P/E/G ratio of 2.56 and a beta of 1.19.
S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.23 by $0.14. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm earned $4.01 EPS. The company's quarterly revenue was up 8.2% compared to the same quarter last year. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.
S&P Global Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 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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