Vanguard Group Inc. Has $14.78 Billion Position in S&P Global Inc. (NYSE:SPGI)

Vanguard Group Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,670,274 shares of the business services provider’s stock after purchasing an additional 60,150 shares during the period. Vanguard Group Inc. owned about 0.10% of S&P Global worth $14,776,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SPGI. Swedbank AB raised its holdings in S&P Global by 11.8% in the 3rd quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after buying an additional 92,115 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after buying an additional 28 shares during the last quarter. Avior Wealth Management LLC raised its holdings in S&P Global by 18.4% in the 3rd quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider’s stock valued at $232,000 after buying an additional 70 shares during the last quarter. LPL Financial LLC raised its holdings in S&P Global by 9.6% in the 3rd quarter. LPL Financial LLC now owns 253,338 shares of the business services provider’s stock valued at $130,880,000 after buying an additional 22,159 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in S&P Global by 15.1% in the 3rd quarter. Pacer Advisors Inc. now owns 31,737 shares of the business services provider’s stock valued at $16,396,000 after buying an additional 4,160 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $497.62 on Friday. The company has a fifty day moving average of $513.85 and a 200-day moving average of $510.42. The firm has a market capitalization of $153.17 billion, a P/E ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current 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 released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 period last year, the company posted $3.13 earnings per share. As a group, sell-side analysts anticipate 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 was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPGI shares. UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Oppenheimer dropped their price objective on shares of 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 shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Mizuho began coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target for the company. Finally, Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.86.

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.