Trust Point Inc. Has $725,000 Position in S&P Global Inc. (NYSE:SPGI)

Trust Point Inc. grew its stake in S&P Global Inc. (NYSE:SPGI) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,404 shares of the business services provider’s stock after buying an additional 20 shares during the period. Trust Point Inc.’s holdings in S&P Global were worth $725,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fisher Asset Management LLC lifted its holdings in S&P Global by 0.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,383 shares of the business services provider’s stock valued at $2,812,000 after buying an additional 60 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of S&P Global by 3.5% during the 1st quarter. Park Avenue Securities LLC now owns 12,069 shares of the business services provider’s stock worth $5,135,000 after buying an additional 410 shares in the last quarter. RFG Advisory LLC acquired a new stake in shares of S&P Global during the 1st quarter worth approximately $207,000. MJP Associates Inc. ADV bought a new stake in shares of S&P Global in the 1st quarter valued at $300,000. Finally, City State Bank lifted its position in shares of S&P Global by 6.7% during the 1st quarter. City State Bank now owns 717 shares of the business services provider’s stock valued at $305,000 after acquiring an additional 45 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $524.80 on Friday. The firm has a market capitalization of $164.21 billion, a PE ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $512.21 and a two-hundred day moving average price of $467.89. S&P Global Inc. has a twelve month low of $340.49 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.42 billion. During the same quarter in the previous year, the firm posted $3.12 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. Equities analysts forecast that S&P Global Inc. will post 14.61 EPS for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date is Tuesday, November 26th. S&P Global’s payout ratio is presently 40.81%.

Analyst Upgrades and Downgrades

SPGI has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Evercore ISI began coverage on S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on shares of S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Oppenheimer upped their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets boosted their target price on shares of S&P Global from $537.00 to $589.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $565.17.

Insider Activity

In related news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the sale, the chief executive officer now owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares in the company, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 over the last ninety days. Company insiders own 0.10% of the company’s stock.

About S&P Global

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, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.