Global Financial Private Capital LLC boosted its position in shares of S&P Global Inc (NYSE:SPGI) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,190 shares of the business services provider’s stock after buying an additional 723 shares during the period. Global Financial Private Capital LLC’s holdings in S&P Global were worth $371,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Korea Investment CORP boosted its holdings in shares of S&P Global by 11.1% during the 3rd quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock worth $48,473,000 after purchasing an additional 30,900 shares during the last quarter. Prudential Financial Inc. boosted its holdings in shares of S&P Global by 3.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock worth $225,392,000 after purchasing an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd acquired a new position in shares of S&P Global during the 4th quarter worth approximately $66,273,000. Twin Capital Management Inc. lifted its holdings in S&P Global by 90.5% in the fourth quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock valued at $9,500,000 after acquiring an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in S&P Global in the third quarter valued at approximately $23,854,000. Institutional investors own 84.89% of the company’s stock.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $187.30, for a total transaction of $749,200.00. Following the transaction, the chief executive officer now owns 145,850 shares of the company’s stock, valued at $27,317,705. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.
A number of research analysts recently commented on SPGI shares. Barclays upped their price objective on S&P Global from $180.00 to $185.00 and gave the company an “overweight” rating in a report on Friday, November 17th. Stifel Nicolaus started coverage on S&P Global in a report on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price objective on the stock. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price objective on the stock. in a report on Friday, January 5th. Piper Jaffray Companies upped their price target on S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 10th. Finally, Nomura began coverage on S&P Global in a research note on Thursday, January 11th. They set a “neutral” rating and a $160.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $190.36.
S&P Global Inc (NYSE:SPGI) opened at $190.99 on Wednesday. The company has a market capitalization of $48,334.94, a price-to-earnings ratio of 33.04, a P/E/G ratio of 1.54 and a beta of 1.41. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global Inc has a twelve month low of $127.28 and a twelve month high of $195.93.
S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.63 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. S&P Global’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.28 earnings per share. equities analysts expect that S&P Global Inc will post 8.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.50 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.05%. S&P Global’s dividend payout ratio (DPR) is presently 34.60%.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.