Blue Trust Inc. Has $1.04 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Blue Trust Inc. trimmed its stake in shares of S&P Global Inc. (NYSE:SPGI) by 46.3% during the fourth quarter, HoldingsChannel reports. The fund owned 2,091 shares of the business services provider’s stock after selling 1,806 shares during the period. Blue Trust Inc.’s holdings in S&P Global were worth $1,041,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Trust Point Inc. increased its stake in S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC increased its position in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. EWA LLC raised its holdings in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC boosted its position in S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 20 shares during the last quarter. Finally, Fullcircle Wealth LLC grew its stake in S&P Global by 1.2% in the third quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after purchasing an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Down 0.5 %

NYSE SPGI opened at $539.77 on Friday. The business has a fifty day moving average price of $507.39 and a two-hundred day moving average price of $507.13. The stock has a market capitalization of $167.49 billion, a PE ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the company posted $3.13 EPS. Equities analysts expect that S&P Global Inc. will post 15.34 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. Evercore ISI increased their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday. Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. JPMorgan Chase & Co. reduced their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $587.92.

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.