407 Shares in S&P Global Inc. (NYSE:SPGI) Purchased by Promus Capital LLC

Promus Capital LLC bought a new position in S&P Global Inc. (NYSE:SPGI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 407 shares of the business services provider’s stock, valued at approximately $203,000.

Several other large investors also recently modified their holdings of the business. First Personal Financial Services purchased a new stake in S&P Global in the third quarter worth about $29,000. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the third quarter worth about $31,000. Noble Wealth Management PBC purchased a new stake in S&P Global in the fourth quarter worth about $31,000. Finally, Dunhill Financial LLC lifted 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 worth $36,000 after buying an additional 34 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $523.27 on Thursday. The firm has a market cap of $161.06 billion, a PE ratio of 42.37, a P/E/G ratio of 2.41 and a beta of 1.20. 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 firm has a fifty day simple moving average of $514.96 and a two-hundred day simple moving average of $511.46. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating 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 last year, the firm posted $3.13 earnings per share. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio is 31.09%.

Analyst Ratings Changes

SPGI has been the topic of a number of analyst reports. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Evercore ISI boosted their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.