S&P Global Inc. (NYSE:SPGI) Shares Bought by Plancorp LLC

Plancorp LLC grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 60.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 635 shares of the business services provider’s stock after acquiring an additional 239 shares during the period. Plancorp LLC’s holdings in S&P Global were worth $316,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SPGI. Swedbank AB lifted its position in shares of S&P Global by 11.8% during the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock worth $450,280,000 after purchasing an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC lifted its position in shares of S&P Global by 3.2% during the third quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of S&P Global by 18.4% during the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock worth $232,000 after purchasing an additional 70 shares during the last quarter. LPL Financial LLC lifted its position in shares of S&P Global by 9.6% during the third quarter. LPL Financial LLC now owns 253,338 shares of the business services provider’s stock worth $130,880,000 after purchasing an additional 22,159 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of S&P Global by 15.1% during the third quarter. Pacer Advisors Inc. now owns 31,737 shares of the business services provider’s stock worth $16,396,000 after purchasing an additional 4,160 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Performance

SPGI opened at $497.62 on Friday. The business’s 50 day moving average is $513.85 and its 200-day moving average is $510.42. The stock has a market cap of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth 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 twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last posted 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 net margin of 27.12% and a return on equity of 14.33%. During the same quarter last year, the firm earned $3.13 EPS. On average, analysts predict 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. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analysts Set New Price Targets

Several brokerages have recently commented on SPGI. BMO Capital Markets increased 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. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Evercore ISI raised their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Citigroup assumed coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

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.