Heritage Trust Co Sells 454 Shares of S&P Global Inc. (NYSE:SPGI)

Heritage Trust Co decreased its position in S&P Global Inc. (NYSE:SPGIFree Report) by 16.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,264 shares of the business services provider’s stock after selling 454 shares during the period. Heritage Trust Co’s holdings in S&P Global were worth $827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BCK Partners Inc. bought a new position in S&P Global in the 1st quarter worth approximately $1,969,000. Markel Corp boosted its holdings in shares of S&P Global by 0.8% in the first quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after acquiring an additional 1,250 shares during the period. Synovus Financial Corp boosted its holdings in shares of S&P Global by 1.6% in the first quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock worth $919,000 after acquiring an additional 36 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of S&P Global by 115.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after purchasing an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in S&P Global by 12.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock worth $302,000 after purchasing an additional 81 shares in the last quarter. 85.50% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SPGI. TheStreet upgraded S&P Global from a “c+” rating to a “b-” rating in a research report on Monday, November 27th. Raymond James upped their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $433.22.

Read Our Latest Stock Analysis on SPGI

Insider Buying and Selling at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $405.28, for a total value of $2,431,680.00. Following the sale, the chief executive officer now directly owns 163,613 shares of the company’s stock, valued at approximately $66,309,076.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $454.05 on Monday. S&P Global Inc. has a 52-week low of $321.14 and a 52-week high of $457.46. The company has a fifty day moving average of $434.38 and a 200-day moving average of $401.57. The company has a market capitalization of $143.84 billion, a P/E ratio of 58.74, a P/E/G ratio of 2.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.92 and a current ratio of 0.92.

S&P Global (NYSE:SPGIGet Free Report) last released its earnings results on Thursday, November 2nd. The business services provider reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $3.05 by $0.16. S&P Global had a return on equity of 10.72% and a net margin of 20.20%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. As a group, equities research analysts predict that S&P Global Inc. will post 12.62 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Monday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 annualized dividend and a yield of 0.80%. S&P Global’s payout ratio is currently 46.57%.

S&P Global Profile

(Free Report)

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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