Whittier Trust Co. Raises Holdings in S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,038 shares of the business services provider’s stock after purchasing an additional 1,347 shares during the quarter. Whittier Trust Co.’s holdings in S&P Global were worth $31,394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Human Investing LLC purchased a new stake in S&P Global in the fourth quarter worth approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter valued at $31,000. Dunhill Financial LLC boosted its stake 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 worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its stake 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 worth $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new stake in shares of S&P Global in the fourth quarter worth $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Trading Up 1.0 %

SPGI stock opened at $495.40 on Thursday. 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 Inc. has a 1-year low of $407.69 and a 1-year high of $545.39. The business has a 50 day simple moving average of $513.53 and a two-hundred day simple moving average of $510.62. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 40.11, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 prior year, the firm earned $3.13 EPS. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.78%. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SPGI shares. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Oppenheimer dropped their price objective 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. Morgan Stanley boosted their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. Finally, StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Company 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.