Chatham Capital Group Inc. lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI – Free Report) by 45.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,765 shares of the business services provider’s stock after selling 2,262 shares during the quarter. Chatham Capital Group Inc.’s holdings in S&P Global were worth $1,445,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SPGI. Hamilton Capital LLC increased its stake in shares of S&P Global by 4.5% during the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the last quarter. Sand Hill Global Advisors LLC raised its holdings in shares of S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock valued at $333,000 after purchasing an additional 19 shares in the last quarter. Chemistry Wealth Management LLC lifted its stake in shares of S&P Global by 0.4% in the 3rd quarter. Chemistry Wealth Management LLC now owns 4,895 shares of the business services provider’s stock valued at $2,382,000 after purchasing an additional 21 shares during the last quarter. Forbes J M & Co. LLP boosted its holdings in S&P Global by 3.5% in the third quarter. Forbes J M & Co. LLP now owns 627 shares of the business services provider’s stock worth $305,000 after purchasing an additional 21 shares in the last quarter. Finally, Centerpoint Advisors LLC boosted its holdings in S&P Global by 2.5% in the third quarter. Centerpoint Advisors LLC now owns 859 shares of the business services provider’s stock worth $418,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.
S&P Global Stock Performance
Shares of SPGI opened at $406.49 on Monday. The company has a market capitalization of $121.46 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. S&P Global Inc. has a one year low of $381.61 and a one year high of $579.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.82 and a quick ratio of 0.82. The company’s fifty day moving average price is $450.02 and its 200 day moving average price is $484.62.
S&P Global Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th were given a $0.97 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.88 annualized dividend and a yield of 1.0%. This is an increase from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is presently 26.48%.
Analysts Set New Price Targets
Several research firms have weighed in on SPGI. Mizuho cut their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating on the stock in a report on Thursday, February 12th. Evercore set a $625.00 price target on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. BMO Capital Markets increased their price objective on S&P Global from $482.00 to $495.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Stifel Nicolaus cut their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a research note on Wednesday, February 11th. Finally, Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They issued a “buy” rating and a $575.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $563.53.
Get Our Latest Stock Report on S&P Global
S&P Global Company Profile
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.
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