1,455 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in shares of S&P Global Inc. (NYSE:SPGI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,455 shares of the business services provider’s stock, valued at approximately $725,000.

Several other large investors have also bought and sold shares of the company. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter valued at $30,000. Noble Wealth Management PBC purchased a new position in S&P Global in the 4th quarter worth about $31,000. Dunhill Financial LLC raised its position in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC lifted its stake in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 63 shares during the period. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the 4th quarter valued at about $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. UBS Group boosted 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. BMO Capital Markets lifted their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Trading Up 1.2 %

Shares of NYSE:SPGI opened at $504.00 on Tuesday. The stock has a 50 day moving average of $514.28 and a 200 day moving average of $510.31. The company has a market cap of $155.13 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. 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 (NYSE:SPGI) last issued its quarterly earnings results 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 quarter in the prior year, the company earned $3.13 EPS. As a group, equities research analysts expect 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. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.