1,300 Shares in S&P Global Inc (SPGI) Purchased by Brooks Moore & Associates Inc.
Brooks Moore & Associates Inc. acquired a new stake in shares of S&P Global Inc (NYSE:SPGI) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,300 shares of the business services provider’s stock, valued at approximately $221,000.
Several other large investors also recently added to or reduced their stakes in the stock. We Are One Seven LLC bought a new position in S&P Global in the 4th quarter worth about $28,000. Moody National Bank Trust Division bought a new position in S&P Global in the 4th quarter worth about $29,000. Legacy Bridge LLC bought a new position in S&P Global in the 4th quarter worth about $30,000. Oregon Public Employees Retirement Fund increased its stake in S&P Global by 7,358.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after acquiring an additional 5,345,720 shares during the last quarter. Finally, Legacy Financial Advisors Inc. increased its stake in S&P Global by 157.0% in the 4th quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock worth $34,000 after acquiring an additional 124 shares during the last quarter. Institutional investors own 84.66% of the company’s stock.
A number of brokerages have weighed in on SPGI. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group lowered S&P Global from a “buy” rating to a “neutral” rating and upped their target price for the stock from $200.00 to $205.00 in a research note on Friday, February 8th. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Morgan Stanley set a $193.00 target price on S&P Global and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. Finally, Atlantic Securities upgraded S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 target price on the stock in a research note on Friday, January 11th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $205.40.
Shares of S&P Global stock opened at $195.87 on Friday. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.44 and a current ratio of 1.37. The stock has a market cap of $49.10 billion, a PE ratio of 23.04, a PEG ratio of 1.55 and a beta of 1.15. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $217.31.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $2.20 by $0.02. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.85 EPS. Research analysts forecast that S&P Global Inc will post 9.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 26th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.50. This represents a $2.28 annualized dividend and a dividend yield of 1.16%. S&P Global’s dividend payout ratio is 23.53%.
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About S&P Global
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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