First National Trust Co Sells 1,850 Shares of S&P Global Inc. (NYSE:SPGI)

First National Trust Co lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,208 shares of the business services provider’s stock after selling 1,850 shares during the quarter. First National Trust Co’s holdings in S&P Global were worth $6,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the last quarter. Morgan Stanley raised its holdings in S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after acquiring an additional 428,737 shares during the last quarter. Northern Trust Corp raised its holdings in S&P Global by 1.6% in the 3rd quarter. Northern Trust Corp now owns 3,275,029 shares of the business services provider’s stock worth $1,196,728,000 after acquiring an additional 52,560 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in S&P Global by 3.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,206,839 shares of the business services provider’s stock worth $798,821,000 after acquiring an additional 83,174 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in S&P Global by 24.4% in the 4th quarter. Mackenzie Financial Corp now owns 1,502,798 shares of the business services provider’s stock worth $662,013,000 after acquiring an additional 294,896 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. BMO Capital Markets boosted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Finally, Stifel Nicolaus boosted their target price on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $8.22 during midday trading on Friday, hitting $425.18. The company had a trading volume of 1,917,839 shares, compared to its average volume of 1,418,015. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market cap of $133.04 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.33 and a beta of 1.14. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a fifty day moving average of $422.63 and a two-hundred day moving average of $419.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, equities research analysts expect that S&P Global Inc. will post 14.1 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 40.81%.

S&P Global Company 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.