Childress Capital Advisors LLC purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 167 shares of the business services provider’s stock, valued at approximately $57,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in S&P Global during the 4th quarter worth about $28,000. Evolution Wealth Advisors LLC lifted its holdings in S&P Global by 73.6% during the 4th quarter. Evolution Wealth Advisors LLC now owns 92 shares of the business services provider’s stock worth $30,000 after purchasing an additional 39 shares in the last quarter. Fortis Group Advisors LLC purchased a new stake in S&P Global during the 3rd quarter worth about $32,000. Duncker Streett & Co. Inc. lifted its holdings in S&P Global by 185.7% during the 4th quarter. Duncker Streett & Co. Inc. now owns 100 shares of the business services provider’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Vantage Consulting Group Inc purchased a new stake in S&P Global during the 4th quarter worth about $33,000. 81.94% of the stock is currently owned by hedge funds and other institutional investors.
SPGI has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Morgan Stanley reiterated an “overweight” rating and set a $407.00 price objective on shares of S&P Global in a research report on Wednesday, March 24th. UBS Group increased their price objective on S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Finally, Raymond James upgraded S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 price objective on the stock in a research report on Thursday, April 1st. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $394.00.
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 consensus estimate of $2.51 by $0.20. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.76 billion. S&P Global had a return on equity of 1,009.75% and a net margin of 33.20%. S&P Global’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the company earned $2.53 EPS. As a group, sell-side analysts anticipate that S&P Global Inc. will post 11.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 24th were given a $0.77 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, February 23rd. S&P Global’s dividend payout ratio (DPR) is currently 32.32%.
S&P Global 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).
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