AMG National Trust Bank Takes Position in S&P Global Inc. (NYSE:SPGI)

AMG National Trust Bank purchased a new stake in shares of S&P Global Inc. (NYSE:SPGI – Get Rating) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 889 shares of the business services provider’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rain Capital Management LLC boosted its holdings in S&P Global by 38.2% in the second quarter. Rain Capital Management LLC now owns 94 shares of the business services provider’s stock worth $32,000 after purchasing an additional 26 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in S&P Global by 1.8% in the second quarter. TrinityPoint Wealth LLC now owns 1,641 shares of the business services provider’s stock worth $553,000 after purchasing an additional 29 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in S&P Global by 2.5% in the second quarter. Moors & Cabot Inc. now owns 1,251 shares of the business services provider’s stock worth $422,000 after purchasing an additional 30 shares during the last quarter. Private Capital Group LLC raised its position in S&P Global by 8.2% in the second quarter. Private Capital Group LLC now owns 410 shares of the business services provider’s stock worth $138,000 after acquiring an additional 31 shares during the period. Finally, Lebenthal Global Advisors LLC raised its position in S&P Global by 2.8% in the second quarter. Lebenthal Global Advisors LLC now owns 1,139 shares of the business services provider’s stock worth $383,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

S&P Global Trading Down 0.8 %

NYSE:SPGI opened at $367.72 on Wednesday. S&P Global Inc. has a one year low of $279.32 and a one year high of $423.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $119.80 billion, a P/E ratio of 30.75, a P/E/G ratio of 2.47 and a beta of 1.06. The firm has a 50-day simple moving average of $349.85 and a 200-day simple moving average of $345.25.

S&P Global (NYSE:SPGI – Get Rating) last posted its quarterly earnings results on Thursday, October 27th. The business services provider reported $2.93 EPS for the quarter, beating the consensus estimate of $2.79 by $0.14. S&P Global had a net margin of 33.78% and a return on equity of 12.47%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.91 billion. Equities analysts anticipate that S&P Global Inc. will post 11.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SPGI has been the topic of several recent research reports. Barclays increased their price target on shares of S&P Global from $385.00 to $425.00 and gave the stock an “overweight” rating in a research report on Friday, December 2nd. Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $356.00 to $386.00 in a research report on Monday, November 7th. Argus decreased their price target on shares of S&P Global from $420.00 to $365.00 and set a “buy” rating on the stock in a research report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of S&P Global from $362.00 to $379.00 in a research report on Monday, December 5th. Finally, Raymond James decreased their price objective on shares of S&P Global from $402.00 to $398.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. One investment analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $395.06.

Insider Activity

In other news, SVP Christopher Craig sold 1,055 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $350.02, for a total value of $369,271.10. Following the completion of the sale, the senior vice president now owns 6,288 shares in the company, valued at approximately $2,200,925.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Company Profile

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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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.