FormulaFolio Investments LLC acquired a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,454 shares of the business services provider’s stock, valued at approximately $478,000.
Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in S&P Global during the 4th quarter worth approximately $743,879,000. Renaissance Technologies LLC lifted its holdings in S&P Global by 542.5% during the 4th quarter. Renaissance Technologies LLC now owns 855,200 shares of the business services provider’s stock worth $281,130,000 after buying an additional 722,100 shares in the last quarter. Edgewood Management LLC lifted its holdings in S&P Global by 11.6% during the 4th quarter. Edgewood Management LLC now owns 5,655,044 shares of the business services provider’s stock worth $1,858,983,000 after buying an additional 586,258 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in S&P Global by 4,337.5% during the 4th quarter. Artisan Partners Limited Partnership now owns 459,047 shares of the business services provider’s stock worth $150,903,000 after buying an additional 469,880 shares in the last quarter. Finally, Swedbank lifted its holdings in S&P Global by 60.7% during the 4th quarter. Swedbank now owns 1,227,954 shares of the business services provider’s stock worth $397,403,000 after buying an additional 463,906 shares in the last quarter. Hedge funds and other institutional investors own 81.94% of the company’s stock.
NYSE SPGI opened at $361.20 on Thursday. The company has a debt-to-equity ratio of 8.25, a current ratio of 1.72 and a quick ratio of 1.72. The firm’s fifty day moving average price is $344.95 and its 200 day moving average price is $336.68. The company has a market capitalization of $87.01 billion, a price-to-earnings ratio of 36.19, a price-to-earnings-growth ratio of 2.64 and a beta of 1.00. S&P Global Inc. has a 12 month low of $255.23 and a 12 month high of $379.87.
S&P Global (NYSE:SPGI) last posted its earnings results on Monday, February 8th. The business services provider reported $2.71 EPS for the quarter, beating the Zacks’ consensus estimate of $2.51 by $0.20. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.76 billion. S&P Global had a net margin of 33.20% and a return on equity of 1,009.75%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $2.53 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 11.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 10th. Investors of record on Wednesday, February 24th were given a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from S&P Global’s previous quarterly dividend of $0.67. The ex-dividend date was Tuesday, February 23rd. S&P Global’s dividend payout ratio (DPR) is 32.32%.
SPGI has been the topic of a number of research reports. Wells Fargo & Company increased their target price on shares of S&P Global from $415.00 to $425.00 and gave the stock an “overweight” rating in a report on Wednesday, February 10th. Raymond James raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 price objective on the stock in a research report on Thursday, April 1st. UBS Group increased their price objective on shares of S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a research report on Wednesday, February 10th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $407.00 price objective on shares of S&P Global in a research report on Wednesday, March 24th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $394.00.
S&P Global Company Profile
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).
Featured Article: Stochastic Momentum Index (SMI)
Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc. (NYSE:SPGI).
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.