Heritage Trust Co Boosts Stake in S&P Global Inc (NYSE:SPGI)

Heritage Trust Co lifted its holdings in S&P Global Inc (NYSE:SPGI) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,050 shares of the business services provider’s stock after acquiring an additional 50 shares during the quarter. Heritage Trust Co’s holdings in S&P Global were worth $257,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SPGI. Norges Bank acquired a new stake in shares of S&P Global in the fourth quarter worth $619,639,000. Capital World Investors grew its position in S&P Global by 997.2% during the fourth quarter. Capital World Investors now owns 1,784,941 shares of the business services provider’s stock valued at $487,378,000 after buying an additional 1,622,256 shares during the period. MUFG Securities EMEA plc grew its position in S&P Global by 1,326.3% during the fourth quarter. MUFG Securities EMEA plc now owns 476,400 shares of the business services provider’s stock valued at $130,081,000 after buying an additional 443,000 shares during the period. Bank of New York Mellon Corp grew its position in S&P Global by 9.6% during the first quarter. Bank of New York Mellon Corp now owns 2,728,997 shares of the business services provider’s stock valued at $668,740,000 after buying an additional 239,068 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in S&P Global by 59.8% during the fourth quarter. Loomis Sayles & Co. L P now owns 604,006 shares of the business services provider’s stock valued at $164,924,000 after buying an additional 226,081 shares during the period. Hedge funds and other institutional investors own 83.66% of the company’s stock.

SPGI has been the topic of several analyst reports. ValuEngine upgraded shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. UBS Group lifted their target price on shares of S&P Global from $275.00 to $332.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Morgan Stanley lifted their target price on shares of S&P Global from $290.00 to $316.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $262.00 price target on the stock in a research note on Friday, March 27th. Finally, Oppenheimer began coverage on shares of S&P Global in a research note on Monday, May 18th. They issued an “outperform” rating and a $340.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $293.62.

S&P Global stock traded up $1.10 during trading hours on Friday, reaching $311.86. 621,180 shares of the stock were exchanged, compared to its average volume of 1,322,260. The company has a debt-to-equity ratio of 8.52, a quick ratio of 1.24 and a current ratio of 1.24. S&P Global Inc has a 52-week low of $186.05 and a 52-week high of $317.29. The stock has a market cap of $74.87 billion, a P/E ratio of 32.62, a P/E/G ratio of 3.09 and a beta of 1.04. The firm’s 50 day moving average is $282.87 and its 200 day moving average is $274.67.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $2.73 EPS for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.37. The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.67 billion. S&P Global had a net margin of 34.02% and a return on equity of 758.90%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.11 EPS. Equities research analysts expect that S&P Global Inc will post 10.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $2.68 dividend on an annualized basis and a yield of 0.86%. S&P Global’s dividend payout ratio (DPR) is 28.12%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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