WBI Investments LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 38.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,623 shares of the business services provider's stock after buying an additional 1,001 shares during the period. WBI Investments LLC's holdings in S&P Global were worth $1,804,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $27,000. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of 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 purchasing an additional 38 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
Insider Transactions at S&P Global
In related news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction 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 sale, the executive vice president now owns 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on SPGI shares. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Wall Street Zen lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Robert W. Baird reduced their price target on shares of 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $592.71.
Read Our Latest Report on S&P Global
S&P Global Price Performance
NYSE SPGI traded up $1.19 on Thursday, hitting $511.46. The stock had a trading volume of 899,833 shares, compared to its average volume of 1,220,525. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $156.86 billion, a price-to-earnings ratio of 41.41, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23. The firm has a 50-day moving average of $490.16 and a 200-day moving average of $503.16.
S&P Global (NYSE:SPGI - Get Free Report) last released its 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. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm earned $4.01 EPS. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. Equities analysts expect 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, June 11th. Investors of record on Wednesday, May 28th will be paid 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 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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