Fiduciary Trust Co Acquires 336 Shares of S&P Global Inc. (NYSE:SPGI)

Fiduciary Trust Co raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,018 shares of the business services provider’s stock after acquiring an additional 336 shares during the quarter. Fiduciary Trust Co’s holdings in S&P Global were worth $17,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in S&P Global by 17.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 324,318 shares of the business services provider’s stock worth $167,549,000 after purchasing an additional 49,193 shares in the last quarter. Corsair Capital Management L.P. grew its position in S&P Global by 4,201.1% during the third quarter. Corsair Capital Management L.P. now owns 19,183 shares of the business services provider’s stock worth $9,910,000 after buying an additional 18,737 shares in the last quarter. CreativeOne Wealth LLC increased its stake in S&P Global by 53.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 1,410 shares of the business services provider’s stock worth $729,000 after acquiring an additional 490 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of S&P Global by 25.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 266,952 shares of the business services provider’s stock valued at $137,913,000 after acquiring an additional 53,900 shares in the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of S&P Global by 9.9% during the 3rd quarter. Townsquare Capital LLC now owns 16,789 shares of the business services provider’s stock valued at $8,674,000 after acquiring an additional 1,518 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 0.2 %

SPGI opened at $522.96 on Thursday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day simple moving average of $509.26 and a two-hundred day simple moving average of $484.04. The firm has a market capitalization of $162.27 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 2.66 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.21 earnings per share. Analysts predict that S&P Global Inc. will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Morgan Stanley lifted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Barclays increased their target price on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Robert W. Baird lifted their price target on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, 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 report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Profile

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.