Bank of New Hampshire Sells 40 Shares of S&P Global Inc. (NYSE:SPGI)

Bank of New Hampshire lowered its stake in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 8.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 433 shares of the business services provider’s stock after selling 40 shares during the period. Bank of New Hampshire’s holdings in S&P Global were worth $184,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Capital Management LLC raised its position in S&P Global by 2.7% in the 4th quarter. Janney Capital Management LLC now owns 17,429 shares of the business services provider’s stock worth $7,678,000 after purchasing an additional 461 shares during the period. Arkadios Wealth Advisors boosted its stake in shares of S&P Global by 6.1% during the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock valued at $671,000 after purchasing an additional 87 shares in the last quarter. Artisan Partners Limited Partnership boosted its stake in shares of S&P Global by 15.7% during the 4th quarter. Artisan Partners Limited Partnership now owns 1,403,726 shares of the business services provider’s stock valued at $618,369,000 after purchasing an additional 190,758 shares in the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of S&P Global by 54.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after purchasing an additional 1,115 shares in the last quarter. Finally, Handelsinvest Investeringsforvaltning bought a new stake in shares of S&P Global during the 4th quarter valued at about $1,644,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $439.22 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $137.43 billion, a PE ratio of 49.24, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15. S&P Global Inc. has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a 50-day simple moving average of $427.84 and a two-hundred day simple moving average of $430.75.

S&P Global (NYSE:SPGIGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts anticipate that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.91 per share. The ex-dividend date was Wednesday, May 29th. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. S&P Global’s payout ratio is 40.81%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPGI. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research note on Friday. BMO Capital Markets boosted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Oppenheimer boosted their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $467.89.

Get Our Latest Analysis on S&P Global

S&P Global Company Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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