King Luther Capital Management Corp Acquires 54,258 Shares of S&P Global Inc. (NYSE:SPGI)

King Luther Capital Management Corp lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 112.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,452 shares of the business services provider’s stock after purchasing an additional 54,258 shares during the quarter. King Luther Capital Management Corp’s holdings in S&P Global were worth $51,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in SPGI. First Personal Financial Services bought a new stake in shares of S&P Global in the third quarter worth $29,000. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the third quarter worth about $31,000. Noble Wealth Management PBC purchased a new position in S&P Global during the 4th quarter valued at approximately $31,000. Finally, Dunhill Financial LLC grew its holdings in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $488.46 on Tuesday. The firm has a market capitalization of $150.35 billion, a PE ratio of 39.55, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s fifty day moving average price is $514.87 and its 200 day moving average price is $511.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last released its quarterly earnings results 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter last year, the company earned $3.13 EPS. On average, sell-side analysts anticipate 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 will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPGI shares. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Citigroup started coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. 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 note on Wednesday, February 12th. BMO Capital Markets raised their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.