Members Trust Co Buys 271 Shares of S&P Global Inc. $SPGI

Members Trust Co boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 12.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,438 shares of the business services provider’s stock after purchasing an additional 271 shares during the quarter. Members Trust Co’s holdings in S&P Global were worth $1,286,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in SPGI. Costello Asset Management INC bought a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the first quarter valued at approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of S&P Global in the second quarter valued at approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of S&P Global in the first quarter valued at approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 31 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $483.85 on Wednesday. The business has a fifty day simple moving average of $518.66 and a 200 day simple moving average of $513.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $147.72 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 2.52 and a beta of 1.19. S&P Global Inc. has a one year low of $427.14 and a one year high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. Sell-side analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is currently 29.54%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SPGI shares. Evercore ISI increased their price objective on S&P Global from $613.00 to $619.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Oppenheimer increased their price objective on S&P Global from $567.00 to $592.00 and gave the company an “outperform” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their price objective on S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley upped their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $614.23.

S&P Global 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.