Independence Bank of Kentucky Has $655,000 Stake in S&P Global Inc. (NYSE:SPGI)

Independence Bank of Kentucky grew its position in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,487 shares of the business services provider’s stock after buying an additional 25 shares during the quarter. Independence Bank of Kentucky’s holdings in S&P Global were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the third quarter valued at approximately $25,000. Valued Wealth Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $28,000. Harbour Investments Inc. lifted its holdings in S&P Global by 45.8% in the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock valued at $31,000 after buying an additional 27 shares during the period. Fortis Group Advisors LLC acquired a new position in S&P Global in the third quarter valued at approximately $33,000. Finally, LFA Lugano Financial Advisors SA lifted its holdings in S&P Global by 200.0% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock valued at $33,000 after buying an additional 50 shares during the period. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Down 0.2 %

NYSE:SPGI opened at $426.26 on Wednesday. The firm’s fifty day moving average is $432.10 and its 200-day moving average is $411.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. S&P Global Inc. has a 52 week low of $329.46 and a 52 week high of $461.16. The firm has a market cap of $136.51 billion, a P/E ratio of 51.79, a P/E/G ratio of 2.44 and a beta of 1.15.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the company posted $2.54 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts expect that S&P Global Inc. will post 14 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s dividend payout ratio is presently 44.23%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Raymond James increased their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday. Oppenheimer reaffirmed an “outperform” rating and set a $480.00 target price on shares of S&P Global in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Finally, Barclays lifted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $464.22.

View Our Latest Stock Report on SPGI

Insiders Place Their Bets

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Company Profile

(Free Report)

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, and S&P Dow Jones Indices segments.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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