Welch & Forbes LLC lessened its holdings in S&P Global Inc (NYSE:SPGI) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,323 shares of the business services provider’s stock after selling 100 shares during the period. Welch & Forbes LLC’s holdings in S&P Global were worth $735,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. We Are One Seven LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $28,000. Moody National Bank Trust Division purchased a new stake in S&P Global during the 4th quarter worth approximately $29,000. Legacy Bridge LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $30,000. Legacy Financial Advisors Inc. increased its stake in S&P Global by 157.0% during the 4th quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock worth $34,000 after buying an additional 124 shares in the last quarter. Finally, Financial Gravity Companies Inc. purchased a new stake in S&P Global during the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 84.66% of the company’s stock.
Several equities research analysts have commented on the company. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a research note on Monday, January 7th. UBS Group cut S&P Global from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $200.00 to $205.00 in a report on Friday, February 8th. Raymond James lowered their target price on S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. Barclays lowered their target price on S&P Global from $220.00 to $205.00 and set an “overweight” rating on the stock in a report on Monday, January 7th. Finally, ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and an average price target of $207.75.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the prior year, the firm posted $1.85 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global Inc will post 9.04 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.50. This represents a $2.28 dividend on an annualized basis and a yield of 1.16%. S&P Global’s dividend payout ratio is currently 23.53%.
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S&P Global Company Profile
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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