Heritage Trust Co grew its holdings in shares of S&P Global Inc (NYSE:SPGI) by 5.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,050 shares of the business services provider’s stock after purchasing an additional 50 shares during the period. Heritage Trust Co’s holdings in S&P Global were worth $257,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in SPGI. Liberty Wealth Management LLC bought a new stake in shares of 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 valued at approximately $32,000. FinTrust Capital Advisors LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $33,000. Sandy Spring Bank increased its position in shares of S&P Global by 101.6% during the fourth 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 increased its position in shares of 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 acquiring an additional 115 shares in the last quarter. Hedge funds and other institutional investors own 83.66% of the company’s stock.
Shares of SPGI stock traded up $1.10 during mid-day trading on Friday, reaching $311.86. 621,180 shares of the company’s stock traded hands, compared to its average volume of 1,322,260. S&P Global Inc has a 12 month low of $186.05 and a 12 month high of $317.29. The firm has a 50 day moving average price of $282.87 and a two-hundred day moving average price of $274.67. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $74.87 billion, a PE ratio of 32.62, a price-to-earnings-growth ratio of 3.09 and a beta of 1.04.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that S&P Global Inc will post 10.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid 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 (DPR) is 28.12%.
Several equities research analysts recently weighed in on the stock. Cantor Fitzgerald raised their price target on shares of S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Stifel Nicolaus reduced their price target on shares of 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. Wells Fargo & Co lifted their target price on shares of S&P Global from $250.00 to $260.00 in a research report on Thursday, April 30th. UBS Group lifted 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 report on Wednesday, April 29th. Finally, BMO Capital Markets lifted their target price on shares of S&P Global from $278.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently 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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