Equitable Trust Co. Has $10.50 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Equitable Trust Co. cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 15.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,089 shares of the business services provider’s stock after selling 3,868 shares during the quarter. Equitable Trust Co.’s holdings in S&P Global were worth $10,503,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services purchased a new stake in shares of S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in shares of S&P Global during the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. raised its stake in shares of S&P Global by 77.1% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares in the last quarter. Finally, Dunhill Financial LLC raised its stake in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPGI shares. Morgan Stanley raised their price target on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Wells Fargo & Company cut their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. UBS Group raised their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets raised their price objective on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $519.00 on Monday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $505.85 and its two-hundred day moving average is $505.61. The company has a market cap of $161.05 billion, a P/E ratio of 45.81, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

About S&P Global

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.