S&P Global Inc. (NYSE:SPGI) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 269,609 shares of the business services provider’s stock after purchasing an additional 23,554 shares during the period. Victory Capital Management Inc. owned approximately 0.09% of S&P Global worth $134,273,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Keybank National Association OH raised its position in S&P Global by 1.5% during the 4th quarter. Keybank National Association OH now owns 163,325 shares of the business services provider’s stock worth $81,341,000 after buying an additional 2,489 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its holdings in S&P Global by 14.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 2,859 shares of the business services provider’s stock worth $1,424,000 after purchasing an additional 356 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in S&P Global by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock valued at $995,795,000 after purchasing an additional 62,770 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in S&P Global by 6.4% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 36,328 shares of the business services provider’s stock valued at $18,093,000 after purchasing an additional 2,188 shares in the last quarter. Finally, Mission Wealth Management LP boosted its holdings in S&P Global by 14.4% in the 4th quarter. Mission Wealth Management LP now owns 4,358 shares of the business services provider’s stock valued at $2,171,000 after purchasing an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 1.3 %

Shares of NYSE SPGI opened at $523.27 on Thursday. The firm has a market cap of $161.06 billion, a P/E ratio of 42.37, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The firm’s 50 day moving average price is $514.96 and its 200 day moving average price is $511.46.

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, topping analysts’ consensus estimates 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 quarter last year, the firm posted $3.13 EPS. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a 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 (DPR) is presently 31.09%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Finally, UBS Group boosted their target price 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. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

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.