Vest Financial LLC Has $58.22 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Vest Financial LLC lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 14.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 116,897 shares of the business services provider’s stock after acquiring an additional 14,650 shares during the period. S&P Global accounts for about 1.0% of Vest Financial LLC’s portfolio, making the stock its 14th biggest position. Vest Financial LLC’s holdings in S&P Global were worth $58,218,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of S&P Global in the 3rd quarter valued at about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after acquiring an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC grew its stake in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPGI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Wells Fargo & Company dropped their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a report on Friday, January 10th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price target for the company. BMO Capital Markets increased their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, UBS Group boosted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two 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 has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Price Performance

Shares of NYSE SPGI opened at $519.00 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $505.92 and a 200-day moving average of $505.32. The stock has a market capitalization of $161.05 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.40 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.