Locust Wood Capital Advisers LLC Sells 6,077 Shares of S&P Global Inc. (NYSE:SPGI)
Locust Wood Capital Advisers LLC reduced its stake in S&P Global Inc. (NYSE:SPGI) by 3.5%, selling 6,077 shares during the 4th quarter, now holding 170,027 shares. The stock constitutes 2.9% of their portfolio. Analysts have raised price targets for S&P Global, with a consensus price target of $590.86. The company reported $3.77 EPS, exceeding estimates, and declared a quarterly dividend of $0.96, up from $0.91, with a yield of 0.81%.
Locust Wood Capital Advisers LLC reduced its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,027 shares of the business services provider's stock after selling 6,077 shares during the quarter. S&P Global makes up approximately 2.9% of Locust Wood Capital Advisers LLC's holdings, making the stock its 20th largest holding. Locust Wood Capital Advisers LLC owned about 0.05% of S&P Global worth $84,679,000 at the end of the most recent quarter.
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Other large investors have also made changes to their positions in the company. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in S&P Global during the 4th quarter valued at $31,000. Hazlett Burt & Watson Inc. lifted its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after buying an additional 38 shares in the last quarter. Sound Income Strategies LLC raised its position in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of S&P Global in the fourth quarter worth $40,000. Institutional investors own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 price target on the stock. Finally, StockNews.com cut S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $590.86.
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View Our Latest Stock Analysis on S&P Global
S&P Global Price Performance
Shares of NYSE SPGI opened at $474.73 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a 50 day moving average price of $507.01 and a two-hundred day moving average price of $506.94. The firm has a market cap of $148.99 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26.
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S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the previous year, the business earned $3.13 earnings per share. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.
S&P Global Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.81%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio (DPR) is presently 31.09%.
S&P Global Profile
(Free Report)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: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.
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