S&P Global Inc. (NYSE:SPGI) Position Reduced by Sageworth Trust Co

Sageworth Trust Co reduced its position in S&P Global Inc. (NYSE:SPGI) by 42.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,500 shares of the business services provider’s stock after selling 1,102 shares during the quarter. Sageworth Trust Co’s holdings in S&P Global were worth $747,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter worth $29,000. Capital Performance Advisors LLP purchased a new position in shares of S&P Global during the third quarter valued at $31,000. Voisard Asset Management Group Inc. raised its position in S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the period. Finally, Dunhill Financial LLC lifted its stake in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SPGI. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Citigroup began 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. Finally, Morgan Stanley upped their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Trading Down 0.0 %

S&P Global stock opened at $519.00 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $533.29. The company’s fifty day moving average price is $505.92 and its two-hundred day moving average price is $505.32. The company has a market capitalization of $161.05 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

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.