Enterprise Financial Services Corp Buys Shares of 506 S&P Global Inc. (NYSE:SPGI)

Enterprise Financial Services Corp bought a new position in shares of S&P Global Inc. (NYSE:SPGI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 506 shares of the business services provider’s stock, valued at approximately $252,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Personal Financial Services acquired a new position in shares of S&P Global in the third quarter worth approximately $29,000. Human Investing LLC purchased a new position in S&P Global in the fourth quarter worth $30,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the 3rd quarter valued at $31,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter valued at $31,000. Finally, Dunhill Financial LLC raised 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 valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of SPGI stock opened at $497.35 on Friday. The business’s fifty day simple moving average is $515.06 and its 200-day simple moving average is $511.59. The company has a market cap of $153.08 billion, a PE ratio of 40.27, a PEG 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 earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating 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 business posted $3.13 EPS. Analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on SPGI shares. UBS Group upped their target price on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer dropped their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Finally, Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.23.

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.