Nichols & Pratt Advisers LLP MA lowered its stake in shares of S&P Global Inc (NYSE:SPGI) by 24.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,233 shares of the business services provider’s stock after selling 2,000 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in S&P Global were worth $1,056,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPGI. American Century Companies Inc. increased its stake in shares of S&P Global by 109.6% in the 3rd quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock valued at $184,888,000 after purchasing an additional 618,411 shares in the last quarter. Atlantic Trust Group LLC increased its stake in shares of S&P Global by 2,825.8% in the 3rd quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after purchasing an additional 509,979 shares in the last quarter. Bank of Montreal Can increased its stake in shares of S&P Global by 48.2% in the 4th quarter. Bank of Montreal Can now owns 1,226,184 shares of the business services provider’s stock valued at $207,715,000 after purchasing an additional 398,623 shares in the last quarter. Milestone Resources Group Ltd purchased a new position in shares of S&P Global in the 4th quarter valued at about $66,273,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of S&P Global by 457.6% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 361,294 shares of the business services provider’s stock valued at $56,474,000 after purchasing an additional 296,502 shares in the last quarter. Institutional investors and hedge funds own 85.21% of the company’s stock.
Several equities analysts recently weighed in on SPGI shares. Goldman Sachs Group restated a “neutral” rating and issued a $176.00 price target on shares of S&P Global in a research note on Wednesday, October 18th. BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Cantor Fitzgerald restated a “buy” rating and issued a $177.00 price target on shares of S&P Global in a research note on Thursday, October 26th. BMO Capital Markets lowered S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price target for the company. in a research note on Friday, October 27th. Finally, Wells Fargo & Co lifted their price target on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $190.36.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the previous year, the firm posted $1.28 EPS. S&P Global’s revenue was up 13.6% compared to the same quarter last year. equities research analysts anticipate that S&P Global Inc will post 8.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.50 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s payout ratio is currently 28.37%.
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S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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