Tema Etfs LLC acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,907 shares of the business services provider's stock, valued at approximately $950,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter worth approximately $27,000. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought 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 buying an additional 38 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.
S&P Global Stock Down 2.5%
Shares of SPGI traded down $12.87 during trading hours on Wednesday, hitting $510.07. The company had a trading volume of 1,501,415 shares, compared to its average volume of 1,220,615. The company's fifty day moving average price is $489.70 and its two-hundred day moving average price is $503.11. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $156.44 billion, a PE ratio of 41.30, a price-to-earnings-growth ratio of 2.41 and a beta of 1.23.
S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global's revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.01 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.
Analyst Upgrades and Downgrades
SPGI has been the subject of a number of research analyst reports. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Stifel Nicolaus lowered their target price on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating for the company in a report on Wednesday, April 30th. Morgan Stanley boosted their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Finally, Bank of America initiated coverage on shares of S&P Global in a research report on Thursday, April 10th. They set 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $592.71.
Get Our Latest Analysis on SPGI
Insider Buying and Selling at S&P Global
In other S&P Global news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company 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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