Sentry Investment Management LLC grew its position in S&P Global Inc (NYSE:SPGI) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,449 shares of the business services provider’s stock after buying an additional 543 shares during the quarter. Sentry Investment Management LLC’s holdings in S&P Global were worth $3,464,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. USA Mutuals Advisors Inc. acquired a new stake in shares of S&P Global during the fourth quarter valued at $108,000. Cerebellum GP LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at $129,000. Bronfman E.L. Rothschild L.P. boosted its stake in shares of S&P Global by 89.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 396 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of S&P Global during the third quarter valued at $150,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at $172,000. 85.21% of the stock is currently owned by institutional investors and hedge funds.
Shares of S&P Global Inc (NYSE:SPGI) opened at $177.50 on Monday. The company has a market capitalization of $45,067.25, a PE ratio of 25.73, a P/E/G ratio of 1.67 and a beta of 1.52. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. S&P Global Inc has a twelve month low of $125.46 and a twelve month high of $185.38.
S&P Global (NYSE:SPGI) last announced 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 business had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The company’s revenue was up 13.6% on a year-over-year basis. During the same period last year, the business posted $1.28 EPS. research analysts predict that S&P Global Inc will post 8.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be issued a dividend of $0.50 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s dividend payout ratio (DPR) is presently 28.37%.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at approximately $22,207,837.97. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.
A number of analysts recently commented on the company. Susquehanna Bancshares lowered S&P Global from a “positive” rating to a “neutral” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price target on S&P Global from $183.00 to $186.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 7th. Credit Suisse Group lifted their price objective on S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating and set a $188.00 price objective on the stock. in a research note on Friday, January 5th. Finally, Stifel Nicolaus assumed coverage on S&P Global in a research note on Tuesday, December 19th. They issued a “hold” rating and a $186.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. S&P Global currently has an average rating of “Buy” and an average target price of $182.29.
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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.
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