Whittier Trust Co. of Nevada Inc. Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. of Nevada Inc. boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,788 shares of the business services provider’s stock after acquiring an additional 1,174 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in S&P Global were worth $12,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. HUB Investment Partners LLC raised its position in shares of S&P Global by 14.7% in the fourth quarter. HUB Investment Partners LLC now owns 1,266 shares of the business services provider’s stock worth $631,000 after acquiring an additional 162 shares during the period. Whittier Trust Co. grew its stake in S&P Global by 2.2% during the 4th quarter. Whittier Trust Co. now owns 63,038 shares of the business services provider’s stock valued at $31,394,000 after acquiring an additional 1,347 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in S&P Global during the 4th quarter valued at about $597,000. iA Global Asset Management Inc. grew its stake in S&P Global by 12.9% during the 4th quarter. iA Global Asset Management Inc. now owns 73,171 shares of the business services provider’s stock valued at $36,441,000 after acquiring an additional 8,352 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of S&P Global by 37.1% in the 4th quarter. Teacher Retirement System of Texas now owns 185,554 shares of the business services provider’s stock valued at $92,411,000 after buying an additional 50,165 shares during the period. 87.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the topic of several recent analyst reports. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Evercore ISI increased their target price on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, Oppenheimer dropped their target price on shares of 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. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 0.4 %

S&P Global stock opened at $497.20 on Friday. The stock has a market cap of $153.04 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $513.56 and its two-hundred day moving average price is $510.53. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

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 (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the company posted $3.13 EPS. On average, analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

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.