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

Vanguard Group Inc. increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 0.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,670,274 shares of the business services provider’s stock after purchasing an additional 60,150 shares during the quarter. Vanguard Group Inc. owned approximately 9.56% of S&P Global worth $14,776,687,000 as of its most recent SEC filing.

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

S&P Global Trading Up 0.1 %

Shares of S&P Global stock opened at $497.62 on Friday. The company 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. 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 12-month low of $407.69 and a 12-month high of $545.39. The firm’s 50-day moving average price is $513.85 and its two-hundred day moving average price is $510.42.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data 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 quarter in the prior year, the business earned $3.13 EPS. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SPGI shares. Wells Fargo & Company upped their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI increased their price objective 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 price objective on the stock. Finally, UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.