Steward Partners Investment Advisory LLC raised its holdings in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,980 shares of the business services provider’s stock after buying an additional 40 shares during the period. Steward Partners Investment Advisory LLC’s holdings in S&P Global were worth $3,294,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Baystate Wealth Management LLC grew its holdings in shares of S&P Global by 96.7% during the third quarter. Baystate Wealth Management LLC now owns 59 shares of the business services provider’s stock valued at $25,000 after buying an additional 29 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter worth about $28,000. MV Capital Management Inc. boosted its stake in shares of S&P Global by 65.9% during the 3rd quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock worth $29,000 after acquiring an additional 27 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Finally, JNBA Financial Advisors purchased a new stake in shares of S&P Global during the 3rd quarter worth about $36,000. 92.90% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently issued reports on SPGI. Barclays reissued an “overweight” rating and set a $500.00 target price on shares of S&P Global in a research note on Tuesday, March 8th. UBS Group reduced their price target on shares of S&P Global from $520.00 to $486.00 and set a “buy” rating for the company in a research report on Monday, March 7th. Jefferies Financial Group began coverage on shares of S&P Global in a research report on Wednesday, March 2nd. They set a “buy” rating and a $453.00 price target for the company. Raymond James reduced their price target on shares of S&P Global from $497.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of S&P Global in a research report on Wednesday, March 30th. They set a “buy” rating and a $515.00 price target for the company. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Buy” and an average price target of $480.14.
S&P Global (NYSE:SPGI – Get Rating) last announced its quarterly earnings data on Tuesday, February 8th. The business services provider reported $3.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.02. S&P Global had a net margin of 36.46% and a return on equity of 205.36%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.05 billion. During the same period last year, the business earned $2.71 EPS. The company’s revenue was up 11.8% on a year-over-year basis. Analysts expect that S&P Global Inc. will post 13.31 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from S&P Global’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Thursday, May 26th. S&P Global’s dividend payout ratio (DPR) is presently 24.62%.
In other S&P Global news, insider Martina Cheung sold 3,870 shares of S&P Global stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $381.28, for a total value of $1,475,553.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Dimitra Manis sold 2,636 shares of S&P Global stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $405.41, for a total transaction of $1,068,660.76. The disclosure for this sale can be found here. Insiders have sold a total of 11,280 shares of company stock worth $4,478,177 over the last quarter. 0.10% of the stock is owned by company insiders.
S&P Global Profile (Get Rating)
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
- Get a free copy of the StockNews.com research report on S&P Global (SPGI)
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