Commerce Bank increased its stake in shares of S&P Global Inc (NYSE:SPGI) by 2.1% in the first quarter, Holdings Channel reports. The firm owned 99,568 shares of the business services provider’s stock after buying an additional 2,019 shares during the quarter. Commerce Bank’s holdings in S&P Global were worth $24,400,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Liberty Wealth Management LLC acquired a new position in S&P Global during the first quarter valued at approximately $29,000. Virtus ETF Advisers LLC bought a new stake in shares of S&P Global during the fourth quarter worth $32,000. FinTrust Capital Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $33,000. Sandy Spring Bank lifted its position in shares of S&P Global by 101.6% in the fourth quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock worth $34,000 after purchasing an additional 63 shares in the last quarter. Finally, Ameritas Investment Company LLC boosted its position in S&P Global by 1,437.5% during the fourth quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 83.66% of the company’s stock.
Shares of SPGI traded down $0.25 on Friday, reaching $310.51. 5,905 shares of the company’s stock were exchanged, compared to its average volume of 1,370,972. S&P Global Inc has a 12 month low of $186.05 and a 12 month high of $317.29. The stock has a market capitalization of $75.65 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 3.12 and a beta of 1.04. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 8.52. The business has a 50 day moving average price of $281.56 and a two-hundred day moving average price of $274.40.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.36 by $0.37. S&P Global had a net margin of 34.02% and a return on equity of 758.90%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts predict that S&P Global Inc will post 10.06 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Tuesday, May 26th. S&P Global’s dividend payout ratio is currently 28.12%.
A number of analysts have recently issued reports on SPGI shares. UBS Group raised their target price on shares of S&P Global from $275.00 to $332.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Oppenheimer began coverage on S&P Global in a research report on Monday. They set an “outperform” rating and a $340.00 price objective for the company. ValuEngine upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a report on Tuesday, March 3rd. Wells Fargo & Co increased their target price on shares of S&P Global from $250.00 to $260.00 in a research note on Thursday, April 30th. Finally, Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $262.00 target price on the stock in a research note on Friday, March 27th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $293.62.
About S&P Global
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).
Further Reading: Margin
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