S&P Global Inc. $SPGI Stock Holdings Lessened by Greenleaf Trust

Greenleaf Trust lowered its stake in S&P Global Inc. (NYSE:SPGI) by 2.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,656 shares of the business services provider’s stock after selling 1,809 shares during the quarter. Greenleaf Trust’s holdings in S&P Global were worth $29,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Pingora Partners LLC purchased a new stake in S&P Global in the 2nd quarter worth about $29,000. James T. Borello RIA bought a new stake in S&P Global in the third quarter worth approximately $36,000. WPG Advisers LLC increased its position in S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock worth $41,000 after buying an additional 27 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in shares of S&P Global during the 2nd quarter valued at about $46,000. Finally, Frazier Financial Advisors LLC raised its holdings in S&P Global by 31.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock worth $48,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Friday, October 2nd. Bank of America dropped their target price on S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a report on Friday, July 10th. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research note on Saturday, September 5th. Mizuho lowered their target price on S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $520.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 28th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $522.24.

S&P Global Trading Down 0.0%

NYSE SPGI opened at $466.46 on Monday. The stock’s 50 day moving average price is $421.62 and its two-hundred day moving average price is $431.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market capitalization of $135.23 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 2.21 and a beta of 1.09. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 27th. The business services provider reported $4.58 EPS for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the company posted $4.73 earnings per share. The firm’s revenue was up 6.8% on a year-over-year basis. As a group, analysts anticipate that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 23.14%.

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.