S&P Global Inc. (NYSE:SPGI) Shares Bought by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp grew its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,770 shares of the business services provider's stock after buying an additional 777 shares during the period. S&P Global accounts for about 1.1% of UNIVEST FINANCIAL Corp's holdings, making the stock its 20th largest holding. UNIVEST FINANCIAL Corp's holdings in S&P Global were worth $16,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Headinvest LLC increased its position in shares of S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider's stock worth $515,000 after acquiring an additional 20 shares during the last quarter. EWA LLC grew its stake in S&P Global by 4.2% during the 3rd quarter. EWA LLC now owns 498 shares of the business services provider's stock valued at $254,000 after purchasing an additional 20 shares in the last quarter. Continuum Advisory LLC increased its holdings in S&P Global by 1.3% during the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider's stock worth $788,000 after purchasing an additional 20 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock valued at $515,000 after purchasing an additional 20 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its stake in shares of S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock valued at $336,000 after buying an additional 20 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of brokerages recently issued reports on SPGI. Mizuho started coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price target for the company. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price for the company. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $590.86.

S&P Global Stock Performance

S&P Global stock traded down $6.31 during midday trading on Friday, reaching $502.33. 1,140,449 shares of the stock traded hands, compared to its average volume of 1,220,368. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. 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 firm has a market cap of $157.65 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The firm has a fifty day moving average price of $515.20 and a two-hundred day moving average price of $510.14.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) 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 firm earned $3.13 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global's dividend payout ratio (DPR) is 31.09%.

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.