Equitable Trust Co. Buys 1,752 Shares of S&P Global Inc. $SPGI

Key Points

• Equitable Trust Co. increased its stake in S&P Global Inc. by 8.3%, holding a total of 22,959 shares valued at $12,106,000 at the end of the last quarter.
• Several institutional investors have also raised their positions in S&P Global, with 87.17% of the company's stock now owned by these investors.
• S&P Global has received numerous positive ratings from analysts, with a consensus rating of "Buy" and an average target price of $614.85.

Equitable Trust Co. grew its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,959 shares of the business services provider's stock after acquiring an additional 1,752 shares during the quarter. Equitable Trust Co.'s holdings in S&P Global were worth $12,106,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock worth $1,582,000 after buying an additional 143 shares during the period. GAMMA Investing LLC grew its position in shares of S&P Global by 20.2% in the 1st quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after purchasing an additional 708 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of S&P Global by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 86,794 shares of the business services provider's stock valued at $44,102,000 after purchasing an additional 1,166 shares during the period. Dynamic Advisor Solutions LLC lifted its stake in S&P Global by 6.2% in the first quarter. Dynamic Advisor Solutions LLC now owns 11,723 shares of the business services provider's stock valued at $5,956,000 after buying an additional 686 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in S&P Global by 156.8% in the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,420 shares of the business services provider's stock valued at $722,000 after buying an additional 867 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of research analyst reports. Weiss Ratings restated a "buy (b)" rating on shares of S&P Global in a report on Wednesday, October 8th. Citigroup increased their target price on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. upped their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $614.85.

S&P Global Price Performance

NYSE:SPGI opened at $479.18 on Tuesday. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $528.26 and a 200 day simple moving average of $514.17. The stock has a market capitalization of $146.29 billion, a PE ratio of 36.86, a P/E/G ratio of 2.58 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. On average, research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global's payout ratio is currently 29.54%.

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.

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