Vestor Capital LLC Grows Position in S&P Global Inc. (NYSE:SPGI)

Vestor Capital LLC grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 124.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,573 shares of the business services provider’s stock after buying an additional 15,834 shares during the period. S&P Global accounts for 1.1% of Vestor Capital LLC’s investment portfolio, making the stock its 21st biggest position. Vestor Capital LLC’s holdings in S&P Global were worth $14,230,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares during the period. Sanctuary Advisors LLC boosted its holdings in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares during the last quarter. Eastern Bank boosted its holdings in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in S&P Global in the third quarter valued at $27,170,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $497.62 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50 day simple moving average is $513.85 and its 200-day simple moving average is $510.42. The stock has a market capitalization of $153.17 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.41 and a beta of 1.20. 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 earnings results on Tuesday, February 11th. The business services provider reported $3.77 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 previous year, the company posted $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent research reports. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target 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.