ICW Investment Advisors LLC bought a new position in shares of S&P Global Inc (NYSE:SPGI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 267 shares of the business services provider’s stock, valued at approximately $73,000.
A number of other hedge funds have also bought and sold shares of SPGI. Julex Capital Management LLC purchased a new stake in shares of S&P Global in the 3rd quarter valued at about $25,000. Baystate Wealth Management LLC lifted its stake in S&P Global by 303.3% in the fourth quarter. Baystate Wealth Management LLC now owns 121 shares of the business services provider’s stock valued at $33,000 after buying an additional 91 shares during the last quarter. FinTrust Capital Advisors LLC purchased a new stake in S&P Global in the fourth quarter valued at approximately $33,000. Evoke Wealth LLC purchased a new stake in S&P Global in the third quarter valued at approximately $37,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of S&P Global by 41.2% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 161 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 82.74% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of S&P Global from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $266.00 to $326.00 in a research report on Monday, January 27th. Morgan Stanley upped their price target on shares of S&P Global from $323.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research note on Wednesday, October 30th. Jefferies Financial Group began coverage on shares of S&P Global in a research report on Thursday, November 21st. They set a “buy” rating and a $298.00 price objective on the stock. Finally, ValuEngine lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $286.09.
NYSE:SPGI opened at $301.35 on Friday. S&P Global Inc has a 12-month low of $194.81 and a 12-month high of $304.14. The company has a current ratio of 1.52, a quick ratio of 1.10 and a debt-to-equity ratio of 8.52. The stock’s 50 day simple moving average is $289.98 and its 200-day simple moving average is $265.57. The firm has a market cap of $72.48 billion, a P/E ratio of 35.08, a PEG ratio of 2.82 and a beta of 1.05.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $2.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.41 by $0.12. S&P Global had a return on equity of 496.20% and a net margin of 31.69%. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same period last year, the company earned $2.22 earnings per share. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts forecast that S&P Global Inc will post 10.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 0.89%. This is an increase from S&P Global’s previous quarterly dividend of $0.57. S&P Global’s dividend payout ratio is presently 23.92%.
S&P Global Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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