Thomasville National Bank reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 75.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,160 shares of the business services provider’s stock after selling 6,627 shares during the period. Thomasville National Bank’s holdings in S&P Global were worth $529,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. SOA Wealth Advisors LLC. acquired a new stake in S&P Global during the 4th quarter worth about $27,000. International Assets Investment Management LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $28,000. Evolution Wealth Advisors LLC lifted its position in S&P Global by 73.6% in the 4th quarter. Evolution Wealth Advisors LLC now owns 92 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 39 shares in the last quarter. Fortis Group Advisors LLC bought a new position in S&P Global in the 3rd quarter valued at about $32,000. Finally, Duncker Streett & Co. Inc. lifted its position in S&P Global by 185.7% in the 4th quarter. Duncker Streett & Co. Inc. now owns 100 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 65 shares in the last quarter. 81.94% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have commented on the stock. Raymond James raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $402.00 target price on the stock in a research report on Thursday, April 1st. UBS Group lifted their target price on shares of S&P Global from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Morgan Stanley reissued an “overweight” rating and set a $407.00 target price on shares of S&P Global in a research report on Wednesday, March 24th. Finally, Wells Fargo & Company lifted their target price on shares of S&P Global from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 10th. Twelve equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $394.00.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 8th. The business services provider reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.51 by $0.20. The business had revenue of $1.87 billion during 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 firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.53 earnings per share. On average, sell-side analysts forecast that S&P Global Inc. will post 11.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 10th. Stockholders of record on Wednesday, February 24th were paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend 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 is 32.32%.
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).
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