First Western Trust Bank Has $4.17 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Key Points

• First Western Trust Bank sold 758 shares of S&P Global Inc., reducing its stake by 8.4%, leaving it with a total of 8,214 shares valued at approximately $4.17 million.
• S&P Global reported earnings per share of $4.43 for the last quarter, exceeding analyst estimates by 0.25, and achieving revenues of $3.76 billion, up 5.8% year-over-year.
• The company declared a quarterly dividend of $0.96 per share, with the ex-dividend date set for August 26th, representing an annualized yield of 0.7%.

First Western Trust Bank lowered its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 8.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,214 shares of the business services provider's stock after selling 758 shares during the quarter. First Western Trust Bank's holdings in S&P Global were worth $4,174,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Minot DeBlois Advisors LLC bought a new position in S&P Global during the 4th quarter worth about $25,000. Cheviot Value Management LLC bought a new position in S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global during the 1st quarter worth about $26,000. Anderson Financial Strategies LLC bought a new position in S&P Global during the 4th quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in S&P Global during the 1st quarter worth about $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPGI shares. BMO Capital Markets increased their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Argus raised S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their target price on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. UBS Group raised their price target on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Robert W. Baird decreased their price target on S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $611.69.

S&P Global Price Performance

Shares of SPGI stock traded down $2.14 during trading on Friday, hitting $556.99. The company had a trading volume of 820,714 shares, compared to its average volume of 1,181,506. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $170.05 billion, a P/E ratio of 42.85, a price-to-earnings-growth ratio of 2.98 and a beta of 1.19. The stock's 50-day moving average price is $525.43 and its 200 day moving average price is $511.04. S&P Global Inc. has a one year low of $427.14 and a one year high of $566.42.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.04 earnings per share. Equities 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, September 10th. Shareholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, August 26th. 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.