S&P Global Inc. (NYSE:SPGI) Shares Purchased by First National Trust Co

First National Trust Co boosted its stake in S&P Global Inc. (NYSE:SPGI) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,099 shares of the business services provider’s stock after purchasing an additional 305 shares during the period. First National Trust Co’s holdings in S&P Global were worth $7,022,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of S&P Global in the 4th quarter worth approximately $527,207,000. Proficio Capital Partners LLC boosted its holdings in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after purchasing an additional 618,620 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of S&P Global in the 3rd quarter valued at about $224,976,000. FMR LLC boosted its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the period. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of S&P Global in the 4th quarter valued at about $144,091,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SPGI shares. Citigroup initiated coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Mizuho assumed coverage on shares of S&P Global in a report on Wednesday. They issued an “outperform” rating and a $599.00 target price on the stock. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Finally, Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Stock Up 0.3 %

Shares of NYSE:SPGI opened at $479.51 on Friday. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The firm has a market cap of $147.59 billion, a P/E ratio of 38.83, a PEG ratio of 2.41 and a beta of 1.20. The business’s 50 day simple moving average is $513.81 and its two-hundred day simple moving average is $511.01. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate 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 last year, the company posted $3.13 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.80%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 31.09%.

S&P Global Company 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.