Foster Victor Wealth Advisors LLC Acquires 2,859 Shares of S&P Global Inc. (NYSE:SPGI)

Foster Victor Wealth Advisors LLC increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 28,512 shares of the business services provider's stock after purchasing an additional 2,859 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in S&P Global were worth $14,309,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider's stock worth $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global in the 3rd quarter worth approximately $224,976,000. FMR LLC lifted its holdings in shares of S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global in the fourth quarter valued at approximately $144,091,000. Finally, Wellington Management Group LLP grew its stake in shares of S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after acquiring an additional 292,436 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their target price on shares of S&P Global from $564.00 to $576.00 and gave the company an "outperform" rating in a research note on Tuesday, January 21st. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a "buy" rating and a $600.00 target price on the stock. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a report on Friday, October 25th. Finally, Oppenheimer reduced their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $584.54.

S&P Global Price Performance

NYSE:SPGI traded down $2.10 during trading hours on Friday, reaching $521.44. The company had a trading volume of 1,256,787 shares, compared to its average volume of 1,141,374. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average of $506.40 and a two-hundred day moving average of $504.48. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The firm has a market capitalization of $161.80 billion, a PE ratio of 46.02, a PEG ratio of 2.38 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is a positive change from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global's dividend payout ratio is presently 32.13%.

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.