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

First National Trust Co lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,794 shares of the business services provider’s stock after selling 132 shares during the period. First National Trust Co’s holdings in S&P Global were worth $7,126,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Swedbank AB acquired a new stake in S&P Global during the 1st quarter valued at approximately $351,774,000. International Assets Investment Management LLC raised its stake in shares of S&P Global by 174,815.4% in the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in S&P Global by 352.2% in the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after buying an additional 360,909 shares during the last quarter. Third Point LLC bought a new position in S&P Global during the 1st quarter worth approximately $142,526,000. Finally, Ameriprise Financial Inc. grew its position in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after acquiring an additional 298,645 shares in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on SPGI. BMO Capital Markets reduced their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer increased their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Stifel Nicolaus lifted their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

NYSE SPGI opened at $507.34 on Tuesday. S&P Global Inc. has a 1 year low of $392.69 and a 1 year high of $533.29. The stock’s 50-day moving average price is $511.07 and its two-hundred day moving average price is $476.41. The company has a market cap of $157.43 billion, a PE ratio of 44.78, a PEG ratio of 2.57 and a beta of 1.18. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is 32.13%.

About S&P Global

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.