951 Shares in S&P Global Inc. (NYSE:SPGI) Acquired by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 951 shares of the business services provider's stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Proficio Capital Partners LLC boosted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock worth $308,525,000 after buying an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global in the third quarter valued at approximately $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in S&P Global in the fourth quarter valued at approximately $144,091,000. Finally, Wellington Management Group LLP raised its stake in shares of S&P Global by 3.4% during 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 in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Up 1.3 %

NYSE SPGI traded up $6.46 during trading hours on Wednesday, hitting $523.27. 1,645,571 shares of the company were exchanged, compared to its average volume of 1,144,208. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The firm has a market cap of $161.06 billion, a price-to-earnings ratio of 42.37, a PEG ratio of 2.41 and a beta of 1.20. The company has a 50 day moving average of $514.96 and a two-hundred day moving average of $511.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

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S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 business earned $3.13 earnings per share. Equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global's dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPGI. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Oppenheimer dropped their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and an average target price of $590.23.

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.