First National Bank of Mount Dora Trust Investment Services Trims Position in S&P Global Inc. (NYSE:SPGI)

First National Bank of Mount Dora Trust Investment Services decreased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 36.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,204 shares of the business services provider's stock after selling 4,751 shares during the quarter. First National Bank of Mount Dora Trust Investment Services' holdings in S&P Global were worth $4,168,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in SPGI. Brighton Jones LLC boosted its holdings in S&P Global by 4.7% during the fourth 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 in the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of S&P Global during the 4th quarter worth about $144,091,000. Golden State Wealth Management LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $49,000. Empowered Funds LLC raised its holdings in shares of S&P Global by 16.7% in the 4th quarter. Empowered Funds LLC now owns 7,033 shares of the business services provider's stock worth $3,503,000 after purchasing an additional 1,006 shares during the period. Finally, Stephens Inc. AR grew its stake in S&P Global by 4.4% during the fourth quarter. Stephens Inc. AR now owns 10,863 shares of the business services provider's stock worth $5,410,000 after buying an additional 460 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI traded down $0.03 on Wednesday, reaching $513.89. 949,619 shares of the company's stock traded hands, compared to its average volume of 1,220,664. The stock's 50 day simple moving average is $493.30 and its two-hundred day simple moving average is $504.27. 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 52-week low of $427.14 and a 52-week high of $545.39. The stock has a market cap of $157.61 billion, a PE ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the company earned $4.01 earnings per share. The company's revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio is 30.16%.

Analysts Set New Price Targets

A number of research firms have commented on SPGI. Bank of America started coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. BMO Capital Markets increased their price objective on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Robert W. Baird decreased their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has a consensus rating of "Moderate Buy" and an average price target of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the transaction, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. The trade was a 8.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.10% of the stock is currently owned by corporate insiders.

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.