Private Trust Co. NA Decreases Holdings in S&P Global Inc. (NYSE:SPGI)

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 SEC. The firm owned 3,712 shares of the business services provider’s stock after selling 38 shares during the period. Private Trust Co. NA’s holdings in S&P Global were worth $1,918,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Bank of Hawaii raised its position in shares of S&P Global by 0.9% in the third quarter. Bank of Hawaii now owns 6,412 shares of the business services provider’s stock valued at $3,313,000 after purchasing an additional 55 shares during the period. Fisher Asset Management LLC grew its position in shares of S&P Global by 8.2% in the third quarter. Fisher Asset Management LLC now owns 6,519 shares of the business services provider’s stock valued at $3,368,000 after purchasing an additional 492 shares in the last quarter. Daiwa Securities Group Inc. increased its position in shares of S&P Global by 15.3% during the third quarter. Daiwa Securities Group Inc. now owns 43,586 shares of the business services provider’s stock valued at $22,517,000 after buying an additional 5,797 shares during the period. Hartford Funds Management Co LLC purchased a new stake in S&P Global in the 3rd quarter worth approximately $396,000. Finally, Summit Trail Advisors LLC raised its position in shares of S&P Global by 35.2% in the third quarter. Summit Trail Advisors LLC now owns 3,414 shares of the business services provider’s stock worth $1,763,000 after buying an additional 889 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SPGI. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Evercore ISI began coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price target on the stock. 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 report on Monday, October 28th. Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Finally, Oppenheimer increased their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

Shares of S&P Global stock traded up $1.84 on Monday, hitting $516.30. 22,566 shares of the company’s stock were exchanged, compared to its average volume of 1,206,173. The company has a 50-day simple moving average of $509.35 and a 200-day simple moving average of $482.51. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. 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 market capitalization of $160.21 billion, a PE ratio of 45.41, a PEG ratio of 2.63 and a beta of 1.18.

S&P Global (NYSE:SPGI) last posted its quarterly 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 net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period in the prior year, the business posted $3.21 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

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

About S&P Global

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.