Whittier Trust Co. of Nevada Inc. Grows Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. of Nevada Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,565 shares of the business services provider's stock after purchasing an additional 777 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in S&P Global were worth $12,989,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Graham Capital Management L.P. bought a new stake in S&P Global in the 4th quarter valued at $14,040,000. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 708 shares during the last quarter. Wayfinding Financial LLC bought a new stake in S&P Global in the 4th quarter valued at $300,000. Wealth Enhancement Advisory Services LLC increased its holdings in 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 acquiring an additional 1,166 shares during the last quarter. Finally, Alaethes Wealth LLC bought a new stake in S&P Global in the 4th quarter valued at $2,029,000. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Bank of America began coverage on shares of S&P Global in a research note on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, Robert W. Baird dropped their price objective on shares of 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 investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $596.79.

S&P Global Trading Down 0.1%

Shares of SPGI stock traded down $0.55 during trading hours on Friday, reaching $524.81. 789,727 shares of the stock were exchanged, compared to its average volume of 1,219,989. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $545.39. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $517.24 and its 200-day moving average price is $506.12. The firm has a market capitalization of $160.96 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the company earned $4.01 EPS. As a group, equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The business 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 $0.96 dividend. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a yield of 0.73%. S&P Global's dividend payout ratio (DPR) is 30.16%.

Insider Transactions 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 shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by company 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.