Enterprise Financial Services Corp Invests $252,000 in 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 disclosure with the Securities and Exchange Commission (SEC). The firm bought 506 shares of the business services provider’s stock, valued at approximately $252,000.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth $29,000. Human Investing LLC purchased a new position in shares of S&P Global during the fourth quarter worth $30,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter worth $31,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at $31,000. Finally, Dunhill Financial LLC increased its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, UBS Group raised their price objective on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

SPGI stock opened at $497.35 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. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The firm has a market capitalization of $153.08 billion, a PE ratio of 40.27, a P/E/G ratio of 2.41 and a beta of 1.20. The firm has a 50-day moving average of $515.06 and a two-hundred day moving average of $511.59.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business earned $3.13 earnings per share. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current 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 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 of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

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.