Vinva Investment Management Ltd Grows Stake in S&P Global Inc. (NYSE:SPGI)

Vinva Investment Management Ltd raised its stake in S&P Global Inc. (NYSE:SPGI) by 8.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,895 shares of the business services provider’s stock after acquiring an additional 1,193 shares during the period. Vinva Investment Management Ltd’s holdings in S&P Global were worth $7,916,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. OVERSEA CHINESE BANKING Corp Ltd grew its stake in shares of S&P Global by 11.6% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 17,064 shares of the business services provider’s stock worth $8,507,000 after acquiring an additional 1,776 shares during the last quarter. Xponance Inc. grew its stake in shares of S&P Global by 7.3% in the fourth quarter. Xponance Inc. now owns 49,491 shares of the business services provider’s stock worth $24,648,000 after acquiring an additional 3,371 shares during the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of S&P Global in the fourth quarter worth $18,817,000. Evoke Wealth LLC grew its stake in shares of S&P Global by 3.9% in the fourth quarter. Evoke Wealth LLC now owns 4,380 shares of the business services provider’s stock worth $2,181,000 after acquiring an additional 164 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in shares of S&P Global by 2.2% in the fourth quarter. Horizon Investments LLC now owns 6,783 shares of the business services provider’s stock worth $3,378,000 after acquiring an additional 147 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Down 0.8 %

SPGI stock opened at $490.26 on Wednesday. The business’s 50-day moving average is $513.54 and its two-hundred day moving average is $510.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a market cap of $150.90 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.41 and a beta of 1.20.

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, topping the consensus estimate 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 company earned $3.13 EPS. As a group, analysts forecast 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. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.78%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Wall Street Analyst Weigh In

Several research firms recently commented on SPGI. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley increased their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $590.86.

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.