Findlay Park Partners LLP reduced its stake in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) by 8.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 847,252 shares of the business services provider’s stock after selling 74,797 shares during the quarter. S&P Global makes up approximately 3.1% of Findlay Park Partners LLP’s investment portfolio, making the stock its 10th largest position. Findlay Park Partners LLP’s holdings in S&P Global were worth $283,779,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Accurate Wealth Management LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $28,000. Capital Directions Investment Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $39,000. BDO Wealth Advisors LLC raised its holdings in S&P Global by 35.6% in the fourth quarter. BDO Wealth Advisors LLC now owns 141 shares of the business services provider’s stock worth $47,000 after purchasing an additional 37 shares in the last quarter. Earnest Partners LLC lifted its position in shares of S&P Global by 51.6% during the first quarter. Earnest Partners LLC now owns 141 shares of the business services provider’s stock valued at $58,000 after buying an additional 48 shares during the last quarter. Finally, Bell Investment Advisors Inc lifted its position in shares of S&P Global by 18.0% during the third quarter. Bell Investment Advisors Inc now owns 282 shares of the business services provider’s stock valued at $86,000 after buying an additional 43 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
SPGI has been the subject of several research analyst reports. Robert W. Baird increased their price objective on shares of S&P Global from $393.00 to $401.00 and gave the company an “outperform” rating in a research report on Friday, February 10th. Wells Fargo & Company started coverage on shares of S&P Global in a report on Tuesday, May 9th. They issued an “overweight” rating and a $415.00 price target on the stock. StockNews.com initiated coverage on shares of S&P Global in a research note on Thursday, May 18th. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of S&P Global from $388.00 to $403.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. Finally, Oppenheimer lifted their price target on shares of S&P Global from $403.00 to $405.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $395.71.
Insider Buying and Selling at S&P Global
S&P Global Stock Down 2.7 %
NYSE SPGI opened at $362.19 on Wednesday. The business’s fifty day simple moving average is $348.71 and its 200-day simple moving average is $350.16. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. The firm has a market cap of $116.63 billion, a PE ratio of 42.61, a P/E/G ratio of 2.44 and a beta of 1.12. S&P Global Inc. has a 52 week low of $279.32 and a 52 week high of $395.80.
S&P Global (NYSE:SPGI – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.92 by $0.23. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.06 billion. S&P Global had a return on equity of 10.06% and a net margin of 23.50%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $2.89 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 12.5 earnings per share for the current year.
S&P Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be given a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, May 25th. S&P Global’s dividend payout ratio is currently 42.35%.
S&P Global Company Profile
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions. The Market Intelligence segment provides multi-asset-class data and analytics integrated with purpose-built workflow solutions.
- Get a free copy of the StockNews.com research report on S&P Global (SPGI)
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