Vestor Capital LLC Purchases 15,834 Shares of S&P Global Inc. (NYSE:SPGI)

Vestor Capital LLC lifted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 124.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,573 shares of the business services provider's stock after purchasing an additional 15,834 shares during the period. S&P Global accounts for approximately 1.1% of Vestor Capital LLC's portfolio, making the stock its 21st biggest holding. Vestor Capital LLC's holdings in S&P Global were worth $14,230,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SPGI. Human Investing LLC bought a new stake in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $31,000. Dunhill Financial LLC increased its position in shares of S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock valued at $36,000 after purchasing an additional 34 shares during the period. Sound Income Strategies LLC raised its stake in shares of S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after purchasing an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted their price target 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. Oppenheimer lowered their target price 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. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and an average target price of $590.86.

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S&P Global Trading Down 1.0 %

Shares of NYSE SPGI traded down $5.17 during midday trading on Wednesday, hitting $507.99. The stock had a trading volume of 1,053,784 shares, compared to its average volume of 1,154,037. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. 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 market cap of $156.36 billion, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company's 50-day simple moving average is $514.89 and its 200 day simple moving average is $510.33.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data 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 previous year, the company posted $3.13 earnings per share. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is 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.