Washington Trust Bank Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Washington Trust Bank boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 313.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,881 shares of the business services provider’s stock after acquiring an additional 1,426 shares during the period. Washington Trust Bank’s holdings in S&P Global were worth $937,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPGI. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter worth approximately $30,000. Noble Wealth Management PBC bought a new stake in shares of S&P Global in the 4th quarter worth approximately $31,000. Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC grew its holdings in shares of S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new position in S&P Global in the 4th quarter worth $40,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 0.1 %

NYSE:SPGI opened at $497.62 on Friday. The company has a 50-day moving average price of $513.85 and a 200-day moving average price of $510.42. The stock has a market cap of $153.17 billion, a price-to-earnings ratio of 40.29, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the firm earned $3.13 earnings per share. Equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. S&P Global’s payout ratio is currently 31.09%.

Analysts Set New Price Targets

Several analysts have issued reports on SPGI shares. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. Oppenheimer lowered their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.