S&P Global Inc. (NYSE:SPGI) Stock Holdings Lessened by First Western Trust Bank

First Western Trust Bank decreased its stake in S&P Global Inc. (NYSE:SPGI) by 11.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,406 shares of the business services provider’s stock after selling 1,266 shares during the period. First Western Trust Bank’s holdings in S&P Global were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Strengthening Families & Communities LLC boosted its holdings in shares of S&P Global by 3.7% during the third quarter. Strengthening Families & Communities LLC now owns 2,637 shares of the business services provider’s stock valued at $1,363,000 after acquiring an additional 93 shares during the period. Mendel Capital Management LLC boosted its stake in S&P Global by 2.5% during the 3rd quarter. Mendel Capital Management LLC now owns 1,739 shares of the business services provider’s stock valued at $898,000 after purchasing an additional 42 shares during the period. Taurus Asset Management LLC boosted its stake in S&P Global by 10.4% during the 3rd quarter. Taurus Asset Management LLC now owns 846 shares of the business services provider’s stock valued at $437,000 after purchasing an additional 80 shares during the period. Prudent Man Advisors LLC grew its position in S&P Global by 20.4% in the 3rd quarter. Prudent Man Advisors LLC now owns 1,932 shares of the business services provider’s stock worth $998,000 after purchasing an additional 327 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in shares of S&P Global by 208.8% in the third quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider’s stock valued at $23,440,000 after purchasing an additional 30,679 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several analyst reports. Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Morgan Stanley increased their price target on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. UBS Group lifted their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Oppenheimer increased their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $503.29 on Monday. The company has a market capitalization of $156.17 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a fifty day moving average of $510.47 and a 200-day moving average of $479.62. S&P Global Inc. has a one year low of $401.79 and a one year high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period in the prior year, the business posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.