Wambolt & Associates LLC acquired a new stake in S&P Global Inc (NYSE:SPGI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,691 shares of the business services provider’s stock, valued at approximately $287,000.
A number of other large investors have also recently modified their holdings of SPGI. Elite Wealth Management Inc. lifted its stake in S&P Global by 1.0% in the fourth quarter. Elite Wealth Management Inc. now owns 7,058 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 72 shares during the last quarter. IMS Capital Management raised its stake in shares of S&P Global by 1.5% during the third quarter. IMS Capital Management now owns 7,228 shares of the business services provider’s stock valued at $1,412,000 after purchasing an additional 110 shares in the last quarter. Legacy Financial Advisors Inc. raised its stake in shares of S&P Global by 157.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 124 shares in the last quarter. We Are One Seven LLC bought a new stake in shares of S&P Global during the fourth quarter valued at about $28,000. Finally, Moody National Bank Trust Division bought a new stake in shares of S&P Global during the fourth quarter valued at about $29,000. 84.66% of the stock is owned by institutional investors.
In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of the business’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total value of $350,570.34. Following the completion of the sale, the chief executive officer now owns 17,354 shares of the company’s stock, valued at approximately $3,396,871.96. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Ewout L. Steenbergen sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $194.20, for a total value of $776,800.00. Following the completion of the sale, the chief financial officer now owns 5,239 shares of the company’s stock, valued at $1,017,413.80. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
NYSE:SPGI opened at $197.18 on Thursday. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.44 and a current ratio of 1.37. S&P Global Inc has a fifty-two week low of $156.68 and a fifty-two week high of $217.31. The stock has a market cap of $48.99 billion, a price-to-earnings ratio of 23.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.85 EPS. As a group, equities analysts forecast that S&P Global Inc will post 9.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th will be paid a $0.57 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, February 25th. This represents a $2.28 annualized dividend and a dividend yield of 1.16%. S&P Global’s payout ratio is presently 23.53%.
A number of equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. Raymond James dropped their price target on shares of S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. BMO Capital Markets dropped their price target on shares of S&P Global from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Finally, Morgan Stanley set a $193.00 price target on S&P Global and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $205.82.
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About S&P Global
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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