S&P Global Inc. (NYSE:SPGI) Shares Sold by Private Trust Co. NA

Private Trust Co. NA decreased its stake in S&P Global Inc. (NYSE:SPGI) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,712 shares of the business services provider’s stock after selling 38 shares during the quarter. Private Trust Co. NA’s holdings in S&P Global were worth $1,918,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. HWG Holdings LP acquired a new stake in S&P Global in the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $27,000. Sachetta LLC raised its position in S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the period. First Personal Financial Services acquired a new stake in shares of S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in shares of S&P Global in the second quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 0.4 %

Shares of SPGI stock traded up $1.84 on Monday, hitting $516.30. The company had a trading volume of 22,566 shares, compared to its average volume of 1,206,173. The stock’s 50-day moving average is $509.35 and its two-hundred day moving average is $482.51. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $533.29. The firm has a market cap of $160.21 billion, a P/E ratio of 45.41, a P/E/G ratio of 2.63 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.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analysts Set New Price Targets

A number of brokerages recently commented on SPGI. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada increased their price target on S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $571.31.

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.