Clearbridge Investments LLC Increases Position in S&P Global Inc (NYSE:SPGI)
Clearbridge Investments LLC lifted its position in S&P Global Inc (NYSE:SPGI) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,517 shares of the business services provider’s stock after purchasing an additional 54 shares during the period. Clearbridge Investments LLC’s holdings in S&P Global were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently made changes to their positions in SPGI. Liberty Wealth Management LLC bought a new position in S&P Global during the first quarter valued at $29,000. Virtus ETF Advisers LLC bought a new position in S&P Global during the fourth quarter valued at $32,000. Ameritas Investment Company LLC lifted its position in S&P Global by 1,437.5% during the fourth quarter. Ameritas Investment Company LLC now owns 123 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 115 shares during the last quarter. Pinnacle Bank lifted its position in S&P Global by 183.7% during the first quarter. Pinnacle Bank now owns 139 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 90 shares during the last quarter. Finally, Cognios Capital LLC bought a new position in S&P Global during the first quarter valued at $35,000. 83.01% of the stock is owned by hedge funds and other institutional investors.
Shares of SPGI opened at $321.29 on Tuesday. S&P Global Inc has a 1-year low of $186.05 and a 1-year high of $334.66. The company has a 50-day moving average of $318.40 and a 200 day moving average of $286.03. The firm has a market capitalization of $77.49 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 3.19 and a beta of 1.06. The company has a debt-to-equity ratio of 8.52, a current ratio of 1.24 and a quick ratio of 1.24.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Tuesday, August 25th. S&P Global’s dividend payout ratio (DPR) is 28.12%.
Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price objective for the company in a research report on Friday, March 27th. Morgan Stanley raised their target price on shares of S&P Global from $316.00 to $342.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Credit Suisse Group initiated coverage on shares of S&P Global in a report on Friday, May 29th. They issued an “outperform” rating and a $345.00 target price for the company. Stifel Nicolaus lowered their target price on shares of S&P Global from $322.00 to $280.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Finally, UBS Group raised their target price on shares of S&P Global from $275.00 to $332.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $306.40.
About S&P Global
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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