Vaughan David Investments LLC IL Sells 333 Shares of S&P Global Inc. (NYSE:SPGI)

Vaughan David Investments LLC IL cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 117,278 shares of the business services provider’s stock after selling 333 shares during the period. S&P Global comprises about 1.4% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 11th largest position. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $58,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of S&P Global during the third quarter valued at approximately $224,976,000. FMR LLC boosted its stake in S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in S&P Global in the 4th quarter valued at $144,091,000. Wellington Management Group LLP boosted its stake in S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in S&P Global by 52.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider’s stock valued at $358,839,000 after buying an additional 249,242 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Down 0.0 %

NYSE SPGI opened at $533.17 on Tuesday. The stock has a 50-day simple moving average of $510.68 and a 200 day simple moving average of $509.77. The company has a market capitalization of $164.11 billion, a PE ratio of 43.17, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick 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.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the firm earned $3.13 earnings per share. Research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase 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%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

Several analysts recently commented on SPGI shares. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Oppenheimer decreased their price target on 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. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.