Vestmark Advisory Solutions Inc. Buys 144 Shares of S&P Global Inc. (NYSE:SPGI)

Vestmark Advisory Solutions Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,742 shares of the business services provider’s stock after acquiring an additional 144 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in S&P Global were worth $868,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in S&P Global during the third quarter worth approximately $29,000. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the 3rd quarter worth $31,000. Noble Wealth Management PBC acquired a new position in S&P Global in the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC raised its holdings 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 worth $36,000 after acquiring an additional 34 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price target 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. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. UBS Group increased their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $590.23.

S&P Global Price Performance

NYSE:SPGI opened at $497.35 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a 50-day moving average of $515.06 and a 200-day moving average of $511.49. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a market capitalization of $153.08 billion, a price-to-earnings ratio of 40.27, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results 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 net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the firm earned $3.13 earnings per share. As a group, equities research analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.77%. S&P Global’s payout ratio is currently 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.