S&P Global Inc. (NYSE:SPGI) Shares Sold by Intrust Bank NA

Intrust Bank NA decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,421 shares of the business services provider’s stock after selling 128 shares during the period. Intrust Bank NA’s holdings in S&P Global were worth $2,700,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP boosted its stake in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares in the last quarter. Geode Capital Management LLC increased its position in shares of S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after buying an additional 113,146 shares in the last quarter. Norges Bank acquired a new position in S&P Global during the fourth quarter worth about $1,725,084,000. Amundi lifted its stake in S&P Global by 6.6% in the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after buying an additional 145,434 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in S&P Global by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after purchasing an additional 62,770 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SPGI. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Evercore ISI increased their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Oppenheimer decreased their price objective 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. Finally, Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Price Performance

Shares of S&P Global stock opened at $502.33 on Friday. The company has a 50-day simple moving average of $515.20 and a two-hundred day simple moving average of $510.21. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. 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 (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm earned $3.13 earnings per share. Analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global’s dividend payout ratio (DPR) is 31.09%.

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.