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

Private Trust Co. NA increased its position in S&P Global Inc. (NYSE:SPGI) by 1.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 3,755 shares of the business services provider’s stock after acquiring an additional 43 shares during the quarter. Private Trust Co. NA’s holdings in S&P Global were worth $1,870,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Personal Financial Services purchased a new stake in S&P Global in the 3rd quarter worth about $29,000. Human Investing LLC purchased a new stake in S&P Global in the 4th quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in S&P Global in the 3rd quarter worth about $31,000. Voisard Asset Management Group Inc. increased its holdings in 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 worth $32,000 after acquiring an additional 27 shares during the last quarter. Finally, Dunhill Financial LLC grew its holdings in S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE:SPGI opened at $525.77 on Friday. The business has a 50 day moving average of $512.90 and a 200 day moving average of $510.33. The company has a market capitalization of $161.83 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business posted $3.13 earnings per share. On average, sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is presently 31.09%.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. UBS Group lifted their target price on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Morgan Stanley lifted their target price on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

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.