Haverford Trust Co Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Haverford Trust Co lifted its position in S&P Global Inc. (NYSE:SPGI) by 0.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 383,870 shares of the business services provider’s stock after purchasing an additional 1,509 shares during the quarter. S&P Global makes up 1.9% of Haverford Trust Co’s holdings, making the stock its 18th biggest holding. Haverford Trust Co’s holdings in S&P Global were worth $191,179,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SPGI. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at approximately $31,000. Dunhill Financial LLC raised its position in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global in the 4th quarter worth approximately $40,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on SPGI shares. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. UBS Group upped their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. BMO Capital Markets increased their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 0.1 %

SPGI stock opened at $497.62 on Monday. The business has a 50 day moving average of $513.85 and a 200 day moving average of $510.40. The firm has a market cap of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. 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 (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $3.13 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is currently 31.09%.

About S&P Global

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.