Community Bank N.A. Has $507,000 Position in S&P Global Inc. (NYSE:SPGI)

Community Bank N.A. lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 981 shares of the business services provider’s stock after selling 20 shares during the period. Community Bank N.A.’s holdings in S&P Global were worth $507,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SPGI. First National Corp MA ADV increased its holdings in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. increased its stake in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the period. Trust Point Inc. lifted its position in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares in the last quarter. Sapient Capital LLC lifted its position in S&P Global by 2.5% in the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after buying an additional 21 shares in the last quarter. Finally, Chatham Capital Group Inc. boosted its stake in shares of S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. 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. BMO Capital Markets reduced their price target on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a report on Friday, September 13th. Evercore ISI began coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 target price for the company. Finally, Wells Fargo & Company increased their price target 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. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Up 0.1 %

Shares of SPGI opened at $522.99 on Tuesday. 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 company has a 50-day simple moving average of $509.21 and a 200-day simple moving average of $485.71. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29. The firm has a market capitalization of $162.28 billion, a P/E ratio of 46.16, a P/E/G ratio of 2.67 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (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 firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $3.21 earnings per share. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

S&P Global Company 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.