S&P Global Inc. (NYSE:SPGI) Shares Bought by AMG National Trust Bank

AMG National Trust Bank raised its holdings in S&P Global Inc. (NYSE:SPGI) by 13.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 637 shares of the business services provider’s stock after acquiring an additional 74 shares during the period. AMG National Trust Bank’s holdings in S&P Global were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of SPGI. Raymond James Financial Inc. acquired a new stake in S&P Global in the 4th quarter valued at about $527,207,000. Proficio Capital Partners LLC increased its holdings in shares of S&P Global by 71,024.1% during the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after buying an additional 618,620 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of S&P Global during the 3rd quarter worth approximately $224,976,000. FMR LLC increased its holdings in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of S&P Global during the 4th quarter worth approximately $144,091,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $497.35 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock has a market capitalization of $153.08 billion, a PE ratio of 40.27, a P/E/G ratio of 2.41 and a beta of 1.20. The firm has a 50 day moving average of $515.06 and a two-hundred day moving average of $511.59.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 in the previous year, the firm posted $3.13 earnings per share. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

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

Analyst Ratings Changes

A number of analysts have recently issued reports on SPGI shares. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group raised their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

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.