Greenleaf Trust Has $26.39 Million Stake in S&P Global Inc. (NYSE:SPGI)

Greenleaf Trust raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,894 shares of the business services provider’s stock after purchasing an additional 648 shares during the period. S&P Global makes up approximately 0.3% of Greenleaf Trust’s investment portfolio, making the stock its 24th biggest position. Greenleaf Trust’s holdings in S&P Global were worth $26,385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC boosted its position in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC increased its position in shares of S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares during the last quarter. Allworth Financial LP grew its holdings in S&P Global by 1.8% during the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. grew its holdings in S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after acquiring an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on SPGI. Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Stifel Nicolaus dropped their price objective on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer reissued an “outperform” rating and set a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $462.00.

S&P Global Stock Down 0.2 %

Shares of SPGI traded down $0.81 during mid-day trading on Friday, reaching $412.56. The company had a trading volume of 1,130,770 shares, compared to its average volume of 1,307,911. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a 50-day moving average price of $425.23 and a 200 day moving average price of $415.25. S&P Global Inc. has a 52 week low of $338.92 and a 52 week high of $461.16. The company has a market capitalization of $132.13 billion, a price-to-earnings ratio of 50.23, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 14.08 EPS for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Investors of record on Tuesday, February 27th were issued a $0.91 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Monday, February 26th. S&P Global’s payout ratio is presently 44.23%.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred 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 directly owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

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.