Kesler Norman & Wride LLC Has $2.86 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Kesler Norman & Wride LLC increased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 5.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,739 shares of the business services provider’s stock after acquiring an additional 271 shares during the period. Kesler Norman & Wride LLC’s holdings in S&P Global were worth $2,859,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Human Investing LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at about $31,000. Hazlett Burt & Watson Inc. lifted its holdings in S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Dunhill Financial LLC boosted its position 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 valued at $36,000 after buying an additional 34 shares in the last quarter. Finally, Sound Income Strategies LLC grew its stake in S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI stock opened at $510.66 on Wednesday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $160.26 billion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The business’s fifty day moving average is $515.35 and its 200-day moving average is $509.96.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 earned $3.13 EPS. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent analyst reports. 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 report on Tuesday, February 18th. BMO Capital Markets boosted their price objective 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. Morgan Stanley raised their target price on 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 began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Finally, Evercore ISI raised their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

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.