Vest Financial LLC Buys 8,106 Shares of S&P Global Inc. $SPGI

Key Points

• Vest Financial LLC increased its stake in S&P Global Inc. by 7.4% during the second quarter, now holding 117,979 shares valued at approximately $62.2 million.
• Several institutional investors have also recently invested in S&P Global, which has 87.17% of its shares owned by institutional entities.
• Current analyst opinions on S&P Global show a consensus Buy rating with a raised price target averaging $614.85.

Vest Financial LLC boosted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 117,979 shares of the business services provider's stock after buying an additional 8,106 shares during the quarter. S&P Global makes up approximately 0.9% of Vest Financial LLC's portfolio, making the stock its 22nd largest holding. Vest Financial LLC's holdings in S&P Global were worth $62,209,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC bought a new position in S&P Global during the first quarter valued at about $26,000. Costello Asset Management INC bought a new position in S&P Global during the first quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global during the second quarter valued at about $26,000. Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the first quarter valued at about $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in S&P Global by 103.3% during the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on SPGI. Citigroup increased their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Morgan Stanley increased their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday. BMO Capital Markets increased their target price on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Oppenheimer increased their target price on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Barclays increased their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of "Buy" and a consensus price target of $614.85.

S&P Global Price Performance

SPGI stock opened at $486.39 on Monday. The firm has a 50 day moving average of $529.93 and a 200-day moving average of $514.33. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a market capitalization of $148.49 billion, a P/E ratio of 37.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion during the quarter. As a group, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global's dividend payout ratio (DPR) is currently 29.54%.

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.

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