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

FineMark National Bank & Trust trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,548 shares of the business services provider’s stock after selling 109 shares during the quarter. FineMark National Bank & Trust’s holdings in S&P Global were worth $771,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock valued at $471,000 after purchasing an additional 28 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of S&P Global by 53.8% in the third quarter. Eagle Asset Management Inc. now owns 5,536 shares of the business services provider’s stock valued at $2,784,000 after buying an additional 1,936 shares during the period. Great Valley Advisor Group Inc. boosted its stake in S&P Global by 11.7% during the third quarter. Great Valley Advisor Group Inc. now owns 591 shares of the business services provider’s stock valued at $305,000 after buying an additional 62 shares in the last quarter. Penserra Capital Management LLC grew its holdings in S&P Global by 114.0% during the third quarter. Penserra Capital Management LLC now owns 3,240 shares of the business services provider’s stock worth $1,672,000 after acquiring an additional 1,726 shares during the period. Finally, Larson Financial Group LLC grew its holdings in S&P Global by 471.1% during the third quarter. Larson Financial Group LLC now owns 217 shares of the business services provider’s stock worth $112,000 after acquiring an additional 179 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Trading Up 2.0 %

Shares of NYSE SPGI opened at $513.83 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The business has a 50-day moving average price of $514.89 and a two-hundred day moving average price of $510.33. The firm has a market capitalization of $158.16 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly 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 quarter in the previous year, the company earned $3.13 earnings per share. As a group, analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global’s dividend payout ratio is 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company raised their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Mizuho assumed 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. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average 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.