Fiduciary Trust Co Reduces Stake in S&P Global Inc. (NYSE:SPGI)

Fiduciary Trust Co lowered its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,484 shares of the business services provider's stock after selling 534 shares during the period. Fiduciary Trust Co's holdings in S&P Global were worth $16,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Eastern Bank grew its stake in S&P Global by 3.1% in the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock valued at $24,980,000 after buying an additional 1,530 shares during the last quarter. Wealthfront Advisers LLC grew its stake in S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares during the last quarter. Synergy Asset Management LLC grew its stake in S&P Global by 110.8% in the 4th quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock valued at $12,066,000 after buying an additional 12,547 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in S&P Global by 50.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider's stock valued at $10,705,000 after buying an additional 7,170 shares during the last quarter. Finally, James Hambro & Partners LLP grew its stake in S&P Global by 0.9% in the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider's stock valued at $108,173,000 after buying an additional 1,899 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPGI. Bank of America started 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 target on the stock. Robert W. Baird dropped their price target 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. Morgan Stanley increased their price target 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. Wells Fargo & Company lifted their price objective on S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Finally, UBS Group upped their target price on S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

S&P Global Stock Performance

Shares of SPGI traded down $0.17 on Friday, reaching $507.44. The company's stock had a trading volume of 941,827 shares, compared to its average volume of 1,223,689. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $155.63 billion, a P/E ratio of 41.09, a PEG ratio of 2.41 and a beta of 1.23. The stock's 50 day simple moving average is $486.24 and its two-hundred day simple moving average is $501.59. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same quarter last year, the business earned $4.01 EPS. The firm's revenue was up 8.2% compared to the same quarter last year. Research 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

S&P Global Company 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.