Janney Montgomery Scott LLC lowered its holdings in S&P Global Inc (NYSE:SPGI) by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,127 shares of the business services provider’s stock after selling 1,473 shares during the quarter. Janney Montgomery Scott LLC’s holdings in S&P Global were worth $3,420,000 at the end of the most recent reporting period.
Several other large investors have also bought and sold shares of the company. We Are One Seven LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $28,000. Moody National Bank Trust Division purchased a new position in shares of S&P Global in the 4th quarter worth approximately $29,000. Legacy Bridge LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $30,000. Legacy Financial Advisors Inc. grew its position in shares of S&P Global by 157.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock worth $34,000 after buying an additional 124 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. purchased a new position in shares of S&P Global in the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 84.66% of the company’s stock.
Shares of NYSE SPGI opened at $194.13 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.37 and a debt-to-equity ratio of 5.35. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.31. The company has a market cap of $48.57 billion, a price-to-earnings ratio of 22.84, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the business posted $1.85 EPS. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that S&P Global Inc will post 9.04 earnings per share for the current year.
The company also recently announced 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. This represents a $2.28 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Monday, February 25th. S&P Global’s payout ratio is currently 23.53%.
SPGI has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Monday, January 7th. UBS Group downgraded shares of S&P Global from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $205.00 in a research report on Friday. Raymond James dropped their target price 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. Barclays dropped their target price on shares of S&P Global from $220.00 to $205.00 and set an “overweight” rating on the stock in a research report on Monday, January 7th. Finally, ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $207.75.
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S&P Global Company Profile
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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