Keebeck Wealth Management LLC grew its holdings in S&P Global Inc. (NYSE:SPGI) by 17.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,238 shares of the business services provider’s stock after acquiring an additional 181 shares during the quarter. Keebeck Wealth Management LLC’s holdings in S&P Global were worth $526,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of SPGI. Nordea Investment Management AB grew its position in S&P Global by 105.3% during the third quarter. Nordea Investment Management AB now owns 1,886,720 shares of the business services provider’s stock worth $815,394,000 after buying an additional 967,581 shares in the last quarter. Amundi acquired a new stake in S&P Global during the second quarter worth about $312,463,000. 1832 Asset Management L.P. grew its position in S&P Global by 357.7% during the second quarter. 1832 Asset Management L.P. now owns 730,820 shares of the business services provider’s stock worth $299,513,000 after buying an additional 571,161 shares in the last quarter. Geode Capital Management LLC grew its position in S&P Global by 11.7% during the third quarter. Geode Capital Management LLC now owns 4,303,266 shares of the business services provider’s stock worth $1,824,118,000 after buying an additional 451,827 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in S&P Global during the second quarter worth about $181,029,000. 91.97% of the stock is currently owned by institutional investors.
NYSE:SPGI opened at $378.67 on Tuesday. S&P Global Inc. has a 1 year low of $322.37 and a 1 year high of $484.21. The firm has a 50 day moving average of $431.70 and a 200-day moving average of $442.93. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 2.15. The stock has a market capitalization of $91.26 billion, a P/E ratio of 32.64, a price-to-earnings-growth ratio of 2.31 and a beta of 0.99.
S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 8th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.02. S&P Global had a net margin of 34.72% and a return on equity of 260.75%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.05 billion. During the same quarter in the previous year, the company posted $2.71 earnings per share. S&P Global’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, analysts forecast that S&P Global Inc. will post 13.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 10th will be paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Wednesday, February 9th. S&P Global’s dividend payout ratio (DPR) is currently 26.55%.
A number of equities research analysts recently weighed in on the company. Oppenheimer decreased their target price on S&P Global from $540.00 to $497.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 9th. BMO Capital Markets raised their price target on shares of S&P Global from $509.00 to $511.00 and gave the stock an “outperform” rating in a research note on Friday, January 14th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Wednesday, February 16th. Morgan Stanley cut their price target on shares of S&P Global from $494.00 to $470.00 and set an “overweight” rating for the company in a research note on Wednesday, February 9th. Finally, Raymond James raised their price target on shares of S&P Global from $457.00 to $497.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average target price of $478.75.
S&P Global Company Profile
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.
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