Whittier Trust Co. of Nevada Inc. Boosts Holdings in S&P Global Inc. $SPGI

Key Points

• Whittier Trust Co. of Nevada Inc. increased its holdings in S&P Global Inc. by 3.1% in Q2, now owning 26,360 shares worth approximately $13.9 million.
• Several hedge funds have made notable investments in S&P Global, with a significant increase in holdings by CBIZ Investment Advisory Services LLC, which raised its position by 103.3%.
• Equities analysts have raised their price targets for S&P Global, with Morgan Stanley setting a new target of $620.00, supporting a consensus rating of "Buy" for the stock.

Whittier Trust Co. of Nevada Inc. grew its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,360 shares of the business services provider's stock after buying an additional 795 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in S&P Global were worth $13,899,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Cheviot Value Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Costello Asset Management INC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of S&P Global during the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider's stock worth $31,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Morgan Stanley increased their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a research report on Thursday, October 9th. Evercore ISI increased their price objective on shares of S&P Global from $613.00 to $619.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Seaport Res Ptn upgraded shares of S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $614.23.

S&P Global Stock Performance

NYSE:SPGI opened at $477.73 on Tuesday. The company has a fifty day simple moving average of $520.17 and a two-hundred day simple moving average of $513.60. The company has a market cap of $145.85 billion, a price-to-earnings ratio of 36.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 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 $579.05.

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

S&P Global Announces Dividend

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 $0.96 dividend. 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 dividend payout ratio (DPR) is presently 29.54%.

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.

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