Arlington Trust Co LLC Decreases Stock Position in S&P Global Inc. (NYSE:SPGI)

Arlington Trust Co LLC lessened its stake in S&P Global Inc. (NYSE:SPGI) by 25.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 142 shares of the business services provider’s stock after selling 48 shares during the quarter. Arlington Trust Co LLC’s holdings in S&P Global were worth $71,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SPGI shares. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Wells Fargo & Company dropped their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Stifel Nicolaus upped their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Trading Down 0.9 %

NYSE:SPGI opened at $514.26 on Tuesday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The stock has a market cap of $159.58 billion, a price-to-earnings ratio of 45.39, a PEG ratio of 2.39 and a beta of 1.20. The business has a fifty day moving average of $505.85 and a 200-day moving average of $505.78. 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 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.75%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 33.89%.

S&P Global Profile

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.