Independence Bank of Kentucky Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Independence Bank of Kentucky boosted its holdings in shares of S&P Global Inc. (NYSE:SPGIFree Report) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,487 shares of the business services provider’s stock after purchasing an additional 25 shares during the quarter. Independence Bank of Kentucky’s holdings in S&P Global were worth $655,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its position in S&P Global by 18.5% during the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock worth $515,000 after purchasing an additional 220 shares in the last quarter. Handelsinvest Investeringsforvaltning purchased a new position in shares of S&P Global in the fourth quarter valued at approximately $1,644,000. Westfield Capital Management Co. LP lifted its position in shares of S&P Global by 12.1% in the third quarter. Westfield Capital Management Co. LP now owns 186,231 shares of the business services provider’s stock valued at $68,051,000 after acquiring an additional 20,153 shares in the last quarter. Prossimo Advisors LLC lifted its position in shares of S&P Global by 9.7% in the third quarter. Prossimo Advisors LLC now owns 1,420 shares of the business services provider’s stock valued at $519,000 after acquiring an additional 125 shares in the last quarter. Finally, Meyer Handelman Co. lifted its position in shares of S&P Global by 26.8% in the third quarter. Meyer Handelman Co. now owns 13,426 shares of the business services provider’s stock valued at $4,906,000 after acquiring an additional 2,841 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

SPGI has been the subject of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday. Barclays increased their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday. Oppenheimer reaffirmed an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a report on Tuesday. Finally, Raymond James increased their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $464.22.

Check Out Our Latest Stock Report on S&P Global

S&P Global Stock Performance

Shares of SPGI stock opened at $426.26 on Wednesday. The stock has a market capitalization of $136.51 billion, a PE ratio of 51.79, a price-to-earnings-growth ratio of 2.44 and a beta of 1.15. S&P Global Inc. has a 52-week low of $329.46 and a 52-week high of $461.16. The stock’s 50-day moving average price is $432.10 and its 200 day moving average price is $411.79. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGIGet Free Report) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same quarter last year, the firm earned $2.54 EPS. The business’s revenue was up 7.3% on a year-over-year basis. As a group, equities research analysts forecast that S&P Global Inc. will post 14 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.91 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.90. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 annualized dividend and a yield of 0.85%. S&P Global’s payout ratio is presently 44.23%.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Company 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 S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, and S&P Dow Jones Indices segments.

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

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