First National Trust Co Sells 1,850 Shares of S&P Global Inc. (NYSE:SPGI)

First National Trust Co lowered its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,208 shares of the business services provider's stock after selling 1,850 shares during the quarter. First National Trust Co's holdings in S&P Global were worth $6,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fidelis Capital Partners LLC raised its position in shares of S&P Global by 18.5% during the 3rd quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider's stock valued at $515,000 after buying an additional 220 shares in the last quarter. Arkadios Wealth Advisors raised its position in S&P Global by 6.1% in the 4th quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider's stock worth $671,000 after purchasing an additional 87 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in S&P Global in the 4th quarter worth $1,644,000. Citizens Financial Group Inc. RI raised its position in S&P Global by 54.2% in the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider's stock worth $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Aspiriant LLC purchased a new position in S&P Global in the 4th quarter worth $398,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company's stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Trading Up 2.0 %

Shares of SPGI traded up $8.22 during trading hours on Friday, reaching $425.18. 1,917,839 shares of the company traded hands, compared to its average volume of 1,418,015. The company's fifty day moving average price is $422.63 and its two-hundred day moving average price is $419.15. The company has a market capitalization of $133.04 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 2.33 and a beta of 1.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts' consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. Equities research analysts predict that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global's payout ratio is currently 40.81%.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. Erste Group Bank reiterated a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Stifel Nicolaus lifted their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a "buy" rating in a research report on Friday, April 26th. Raymond James raised their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a report on Tuesday, January 9th. Finally, Oppenheimer raised their price target on shares of S&P Global from $480.00 to $482.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $462.60.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.