Levin Capital Strategies L.P. Invests $474,000 in S&P Global Inc. (NYSE:SPGI)

Levin Capital Strategies L.P. bought a new position in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 951 shares of the business services provider’s stock, valued at approximately $474,000.

Other hedge funds also recently modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Human Investing LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the 3rd quarter worth about $31,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the 4th quarter worth about $31,000. Finally, Dunhill Financial LLC lifted its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research reports. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Citigroup initiated coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. BMO Capital Markets raised their price target 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. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Oppenheimer lowered 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 report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

SPGI stock opened at $534.09 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm has a market cap of $164.39 billion, a P/E ratio of 43.25, a P/E/G ratio of 2.41 and a beta of 1.20. The company’s 50-day moving average price is $513.75 and its two-hundred day moving average price is $510.82.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 company posted $3.13 EPS. On average, 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 issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. S&P Global’s payout ratio is 31.09%.

About S&P Global

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.