S&P Global Inc. $SPGI Shares Bought by WASHINGTON TRUST Co

WASHINGTON TRUST Co boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,144 shares of the business services provider’s stock after acquiring an additional 245 shares during the period. WASHINGTON TRUST Co’s holdings in S&P Global were worth $23,277,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. Florida Financial Advisors LLC acquired a new stake in shares of S&P Global during the 1st quarter valued at $211,000. Sigma Planning Corp grew its position in shares of S&P Global by 13.2% in the first quarter. Sigma Planning Corp now owns 1,616 shares of the business services provider’s stock valued at $821,000 after purchasing an additional 188 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of S&P Global by 8.1% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 46,510 shares of the business services provider’s stock valued at $23,632,000 after buying an additional 3,483 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in S&P Global by 193.9% in the 1st quarter. Larson Financial Group LLC now owns 670 shares of the business services provider’s stock valued at $341,000 after purchasing an additional 442 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $6.79 during trading hours on Thursday, reaching $502.63. 167,608 shares of the stock were exchanged, compared to its average volume of 1,355,255. The stock’s fifty day simple moving average is $499.22 and its 200 day simple moving average is $516.89. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. S&P Global Inc. has a 52 week low of $427.14 and a 52 week high of $579.05. The firm has a market capitalization of $152.20 billion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.50 and a beta of 1.17.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (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 for the quarter. Sell-side analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is 27.93%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a report on Friday, September 19th. Mizuho upped their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Finally, Barclays boosted their price objective on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat, S&P Global has an average rating of “Buy” and a consensus target price of $612.38.

About S&P Global

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.