Rational Advisors LLC cut its holdings in shares of S&P Global Inc (NYSE:SPGI) by 68.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,491 shares of the business services provider’s stock after selling 5,286 shares during the quarter. Rational Advisors LLC’s holdings in S&P Global were worth $423,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. We Are One Seven LLC acquired a new stake in S&P Global in the 4th quarter valued at about $28,000. Moody National Bank Trust Division purchased a new position in S&P Global during the 4th quarter worth approximately $29,000. Legacy Bridge LLC purchased a new position in S&P Global during the 4th quarter worth approximately $30,000. Legacy Financial Advisors Inc. grew its stake in S&P Global by 157.0% during 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, Financial Gravity Companies Inc. purchased a new position in S&P Global during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 81.96% of the company’s stock.
A number of research firms recently issued reports on SPGI. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a research note on Monday. UBS Group downgraded S&P Global from a “buy” rating to a “neutral” rating and raised their price target for the stock from $200.00 to $205.00 in a research note on Friday, February 8th. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. 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. Finally, Atlantic Securities upgraded S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target on the stock in a research note on Friday, January 11th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $205.40.
In other S&P Global news, CFO Ewout L. Steenbergen sold 4,000 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $194.20, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the business’s stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total value of $350,570.34. Following the sale, the chief executive officer now directly owns 17,354 shares of the company’s stock, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
Shares of SPGI traded down $0.20 during mid-day trading on Wednesday, hitting $197.45. The company’s stock had a trading volume of 139,389 shares, compared to its average volume of 1,567,670. The stock has a market capitalization of $49.14 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.59 and a beta of 1.15. S&P Global Inc has a 1-year low of $156.68 and a 1-year high of $217.31. The company has a debt-to-equity ratio of 5.35, a current ratio of 1.37 and a quick ratio of 1.37.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company 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 firm posted $1.85 earnings per share. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. Research analysts anticipate that S&P Global Inc will post 9.04 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th will be given a $0.57 dividend. The ex-dividend date is Monday, February 25th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from S&P Global’s previous quarterly dividend of $0.50. S&P Global’s payout ratio is currently 23.53%.
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S&P Global 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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