Vaughan David Investments LLC IL Has $58.41 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Vaughan David Investments LLC IL cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 117,278 shares of the business services provider’s stock after selling 333 shares during the quarter. S&P Global accounts for 1.4% of Vaughan David Investments LLC IL’s investment portfolio, making the stock its 11th biggest position. Vaughan David Investments LLC IL’s holdings in S&P Global were worth $58,408,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Pine Valley Investments Ltd Liability Co boosted its position in S&P Global by 12.4% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 12,483 shares of the business services provider’s stock valued at $6,217,000 after purchasing an additional 1,381 shares during the last quarter. BankPlus Trust Department acquired a new position in S&P Global during the fourth quarter valued at approximately $40,000. GHE LLC boosted its position in S&P Global by 2.1% during the fourth quarter. GHE LLC now owns 13,504 shares of the business services provider’s stock valued at $6,976,000 after purchasing an additional 274 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in shares of S&P Global by 1.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 80,614 shares of the business services provider’s stock valued at $40,148,000 after buying an additional 779 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in shares of S&P Global by 4.5% in the fourth quarter. IFP Advisors Inc now owns 5,370 shares of the business services provider’s stock valued at $2,675,000 after buying an additional 232 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on SPGI. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their target price on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Oppenheimer lowered their target price on 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. Finally, Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Price Performance

S&P Global stock opened at $533.17 on Tuesday. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The stock’s fifty day moving average price is $510.68 and its two-hundred day moving average price is $509.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $164.11 billion, a PE ratio of 43.17, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

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 (EPS) for the quarter, beating the consensus estimate 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 period last year, the business posted $3.13 EPS. As a group, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.72%. 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.