Whittier Trust Co. of Nevada Inc. Has $12.35 Million Position in S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. of Nevada Inc. grew its position in S&P Global Inc. (NYSE:SPGI) by 5.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,788 shares of the business services provider’s stock after purchasing an additional 1,174 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in S&P Global were worth $12,345,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Human Investing LLC bought a new stake in S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $31,000. Dunhill Financial LLC grew its position 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 during the period. Sound Income Strategies LLC grew its position in shares of S&P Global by 700.0% in 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 period. Finally, BankPlus Trust Department acquired a new position in S&P Global during the 4th quarter worth approximately $40,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $497.20 on Friday. The firm has a market cap of $153.04 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The stock’s 50 day simple moving average is $513.56 and its 200 day simple moving average is $510.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

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

S&P Global Increases Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SPGI. Wells Fargo & Company increased their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Finally, Mizuho began coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.