Enterprise Financial Services Corp Takes $252,000 Position in S&P Global Inc. (NYSE:SPGI)

Enterprise Financial Services Corp acquired a new position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 506 shares of the business services provider's stock, valued at approximately $252,000.

Several other hedge funds have also recently bought and sold shares of the stock. First Personal Financial Services bought a new position in S&P Global during the third quarter worth about $29,000. Human Investing LLC acquired a new stake in S&P Global in the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the 3rd quarter valued at approximately $31,000. Noble Wealth Management PBC acquired a new stake in S&P Global in the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC raised its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after buying an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI traded up $1.25 on Thursday, reaching $479.51. The stock had a trading volume of 1,760,652 shares, compared to its average volume of 1,156,617. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a 50-day moving average of $514.13 and a 200-day moving average of $511.23. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 38.83, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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S&P Global (NYSE:SPGI - Get Free Report) 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 period in the previous year, the business earned $3.13 earnings per share. As a group, sell-side analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is presently 31.09%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Wells Fargo & Company boosted their price target 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. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global 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.