Public Employees Retirement System of Ohio boosted its position in shares of S&P Global Inc (NYSE:SPGI) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 189,299 shares of the business services provider’s stock after purchasing an additional 11,734 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.07% of S&P Global worth $32,067,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. USA Mutuals Advisors Inc. purchased a new stake in S&P Global during the 4th quarter valued at about $108,000. Cerebellum GP LLC purchased a new stake in S&P Global during the 4th quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. grew its position in S&P Global by 89.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 396 shares during the last quarter. Americafirst Capital Management LLC purchased a new stake in S&P Global during the 3rd quarter valued at about $150,000. Finally, NuWave Investment Management LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at about $172,000. 85.21% of the stock is currently owned by institutional investors.
S&P Global Inc (NYSE:SPGI) opened at $181.94 on Wednesday. The company has a quick ratio of 1.52, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. The stock has a market cap of $45,793.40, a P/E ratio of 26.14, a P/E/G ratio of 1.69 and a beta of 1.52. S&P Global Inc has a 1-year low of $126.21 and a 1-year high of $185.38.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm’s revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.28 earnings per share. analysts expect that S&P Global Inc will post 8.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be issued a $0.50 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. S&P Global’s dividend payout ratio (DPR) is presently 28.37%.
A number of analysts have recently issued reports on SPGI shares. UBS Group raised their price target on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. BidaskClub downgraded shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Credit Suisse Group raised their price target on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Wells Fargo & Co raised their price target on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies raised their price target on shares of S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $186.64.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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