Whittier Trust Co. Buys 4,518 Shares of S&P Global Inc. $SPGI

Key Points

• Whittier Trust Co. increased its stake in S&P Global Inc. by 7.2%, owning a total of 67,653 shares valued at approximately $35.67 million.
• S&P Global recently reported a quarterly earnings per share (EPS) of $2.33 and revenue of $1.87 billion, with analysts forecasting an annual EPS of $17.11.
• The company also announced a quarterly dividend of $0.96, with a payout ratio of 29.54% and an annualized yield of 0.8%.

Whittier Trust Co. increased its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 7.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 67,653 shares of the business services provider's stock after purchasing an additional 4,518 shares during the period. Whittier Trust Co.'s holdings in S&P Global were worth $35,672,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPGI. Brighton Jones LLC grew its position in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider's stock valued at $1,582,000 after acquiring an additional 143 shares during the last quarter. GAMMA Investing LLC grew its position in S&P Global by 20.2% in the first quarter. GAMMA Investing LLC now owns 4,210 shares of the business services provider's stock valued at $2,139,000 after acquiring an additional 708 shares during the last quarter. Exchange Traded Concepts LLC grew its position in S&P Global by 143.6% in the first quarter. Exchange Traded Concepts LLC now owns 246 shares of the business services provider's stock valued at $125,000 after acquiring an additional 145 shares during the last quarter. Duncker Streett & Co. Inc. grew its position in S&P Global by 0.3% in the first quarter. Duncker Streett & Co. Inc. now owns 11,399 shares of the business services provider's stock valued at $5,792,000 after acquiring an additional 39 shares during the last quarter. Finally, Flagship Harbor Advisors LLC grew its position in S&P Global by 1.4% in the first quarter. Flagship Harbor Advisors LLC now owns 3,988 shares of the business services provider's stock valued at $2,026,000 after acquiring an additional 54 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI stock opened at $477.73 on Tuesday. The business's 50-day moving average price is $520.17 and its 200-day moving average price is $513.60. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The firm has a market capitalization of $145.85 billion, a price-to-earnings ratio of 36.75, a PEG ratio of 2.50 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

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

S&P Global Dividend Announcement

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

Analyst Ratings Changes

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on S&P Global from $615.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their target price on S&P Global from $660.00 to $661.00 and gave the company an "overweight" rating in a research report on Friday, September 19th. Evercore ISI lifted their price target on S&P Global from $613.00 to $619.00 and gave the company an "outperform" rating in a research note on Tuesday, October 14th. Oppenheimer lifted their price target on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of S&P Global in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $614.23.

About S&P Global

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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