Fosun International Ltd acquired a new position in shares of S&P Global Inc (NYSE:SPGI) during the first quarter, HoldingsChannel reports. The fund acquired 840 shares of the business services provider’s stock, valued at approximately $207,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Liberty Wealth Management LLC purchased a new stake in S&P Global during the first quarter worth $29,000. Virtus ETF Advisers LLC acquired a new position in shares of S&P Global during the 4th quarter worth $32,000. FinTrust Capital Advisors LLC acquired a new stake in S&P Global in the 4th quarter valued at about $33,000. Sandy Spring Bank increased its holdings in S&P Global by 101.6% during the 4th quarter. Sandy Spring Bank now owns 125 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 63 shares in the last quarter. Finally, Ameritas Investment Company LLC raised 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 worth $34,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 83.66% of the company’s stock.
Shares of NYSE SPGI traded up $1.10 on Friday, reaching $311.86. 621,180 shares of the company traded hands, compared to its average volume of 1,322,260. The stock has a market capitalization of $74.87 billion, a PE ratio of 32.62, a P/E/G ratio of 3.09 and a beta of 1.04. S&P Global Inc has a fifty-two week low of $186.05 and a fifty-two week high of $317.29. 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 company has a 50 day moving average of $282.87 and a 200 day moving average of $274.67.
S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, April 28th. The business services provider reported $2.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.37. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.67 billion. S&P Global had a net margin of 34.02% and a return on equity of 758.90%. S&P Global’s revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 earnings per share. As a group, research analysts expect that S&P Global Inc will post 10.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 26th. S&P Global’s dividend payout ratio (DPR) is presently 28.12%.
Several research analysts recently issued reports on the company. Wells Fargo & Co lifted their price objective on S&P Global from $250.00 to $260.00 in a research report on Thursday, April 30th. ValuEngine raised S&P Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Morgan Stanley upped their price objective on S&P Global from $290.00 to $316.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Stifel Nicolaus dropped their price objective on S&P Global from $322.00 to $280.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Finally, UBS Group boosted their target price on shares of S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. S&P Global currently has an average rating of “Buy” and an average 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).
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