Peapack Gladstone Financial Corp Sells 131 Shares of S&P Global Inc. (NYSE:SPGI)

Peapack Gladstone Financial Corp lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,610 shares of the business services provider’s stock after selling 131 shares during the period. Peapack Gladstone Financial Corp’s holdings in S&P Global were worth $13,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after acquiring an additional 28 shares during the last quarter. Centiva Capital LP bought a new position in shares of S&P Global in the third quarter worth approximately $478,000. Quarry LP purchased a new stake in S&P Global in the third quarter valued at approximately $55,000. Kovitz Investment Group Partners LLC lifted its position in S&P Global by 24.4% during the third quarter. Kovitz Investment Group Partners LLC now owns 15,689 shares of the business services provider’s stock valued at $8,105,000 after purchasing an additional 3,073 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in S&P Global in the 3rd quarter worth approximately $269,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPGI shares. Mizuho assumed coverage on shares of 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. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets lifted 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. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Stock Down 7.7 %

NYSE SPGI opened at $451.47 on Monday. S&P Global Inc. has a 1 year low of $405.23 and a 1 year high of $545.39. The stock has a market capitalization of $141.69 billion, a PE ratio of 36.56, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The business’s 50-day moving average is $513.70 and its 200 day moving average is $509.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $3.13 EPS. Sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.85%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

S&P Global Company Profile

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.