Segall Bryant & Hamill LLC lessened its holdings in S&P Global Inc. (NYSE:SPGI – Free Report) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,680 shares of the business services provider’s stock after selling 1,134 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in S&P Global were worth $17,366,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of SPGI. MTM Investment Management LLC acquired a new stake in S&P Global in the second quarter valued at about $27,000. J.Safra Asset Management Corp acquired a new position in S&P Global during the third quarter worth about $29,000. Spurstone Advisory Services LLC bought a new position in shares of S&P Global in the second quarter worth about $34,000. Howard Hughes Medical Institute acquired a new stake in shares of S&P Global in the 2nd quarter valued at approximately $36,000. Finally, First Pacific Financial grew its holdings in shares of S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.
S&P Global Stock Up 0.2%
Shares of NYSE:SPGI opened at $444.03 on Wednesday. The firm has a market cap of $132.68 billion, a P/E ratio of 30.31, a P/E/G ratio of 1.96 and a beta of 1.23. S&P Global Inc. has a 12-month low of $381.61 and a 12-month high of $579.05. The business has a fifty day simple moving average of $488.19 and a 200 day simple moving average of $499.79. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is 26.48%.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on SPGI. Mizuho dropped their price objective on shares of S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research note on Thursday, February 12th. Robert W. Baird set a $546.00 price target on S&P Global in a research note on Wednesday, February 11th. Stifel Nicolaus cut their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Finally, BMO Capital Markets cut their price target on S&P Global from $601.00 to $482.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating and seventeen have assigned a Buy rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Buy” and an average price target of $562.67.
Get Our Latest Analysis on S&P Global
S&P Global Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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