Stanley Laman Group Ltd. Buys 1,060 Shares of S&P Global Inc. (NYSE:SPGI)

Stanley Laman Group Ltd. grew its stake in S&P Global Inc. (NYSE:SPGI) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,954 shares of the business services provider’s stock after acquiring an additional 1,060 shares during the period. S&P Global accounts for about 1.2% of Stanley Laman Group Ltd.’s investment portfolio, making the stock its 25th biggest position. Stanley Laman Group Ltd.’s holdings in S&P Global were worth $6,559,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Trust Co. of Vermont increased its stake in S&P Global by 8.2% in the fourth quarter. Trust Co. of Vermont now owns 5,208 shares of the business services provider’s stock valued at $1,712,000 after purchasing an additional 396 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in S&P Global by 45.3% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 13,155 shares of the business services provider’s stock valued at $4,324,000 after purchasing an additional 4,100 shares in the last quarter. Centaurus Financial Inc. bought a new stake in S&P Global in the fourth quarter valued at approximately $455,000. Centennial Wealth Advisory LLC bought a new stake in S&P Global in the fourth quarter valued at approximately $267,000. Finally, Cubist Systematic Strategies LLC increased its stake in S&P Global by 44.6% in the third quarter. Cubist Systematic Strategies LLC now owns 23,063 shares of the business services provider’s stock valued at $8,317,000 after purchasing an additional 7,109 shares in the last quarter. 81.94% of the stock is owned by institutional investors and hedge funds.

NYSE SPGI traded down $7.03 on Tuesday, hitting $326.26. 26,887 shares of the stock were exchanged, compared to its average volume of 1,967,084. The company has a debt-to-equity ratio of 8.25, a current ratio of 1.72 and a quick ratio of 1.72. The business’s fifty day moving average is $324.06 and its 200 day moving average is $338.62. S&P Global Inc. has a 52 week low of $186.05 and a 52 week high of $379.87. The company has a market capitalization of $78.53 billion, a PE ratio of 33.40, a P/E/G ratio of 2.64 and a beta of 1.00.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 8th. The business services provider reported $2.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.20. S&P Global had a net margin of 33.20% and a return on equity of 1,009.75%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.76 billion. During the same period in the prior year, the firm posted $2.53 earnings per share. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. Analysts predict that S&P Global Inc. will post 11.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 24th will be given a dividend of $0.77 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. This represents a $3.08 annualized dividend and a yield of 0.94%. The ex-dividend date is Tuesday, February 23rd. S&P Global’s dividend payout ratio is 28.12%.

Several research analysts have recently weighed in on the stock. Morgan Stanley upped their price target on shares of S&P Global from $404.00 to $411.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Stifel Nicolaus upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a report on Friday, December 4th. Wells Fargo & Company upped their price target on shares of S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of S&P Global in a report on Monday, November 30th. They issued a “buy” rating and a $415.00 price target for the company. Finally, UBS Group upped their price target on shares of S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a report on Wednesday, February 10th. Twelve analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. S&P Global has a consensus rating of “Buy” and an average price target of $383.54.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Read More: Quiet Period

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

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