Fiduciary Trust Co Has $16.18 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Fiduciary Trust Co lessened its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.6% in the 4th quarter, Holdings Channel.com reports. 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 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at $27,000. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth approximately $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in shares of S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after acquiring an additional 63 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was 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 now owns 5,131 shares of the company’s stock, valued at approximately $2,619,016.33. This represents a 8.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SPGI. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Robert W. Baird cut their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. BMO Capital Markets increased their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on shares of S&P Global from $607.00 to $627.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Finally, UBS Group increased their price target on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $592.71.

S&P Global Stock Up 0.4 %

SPGI stock opened at $507.60 on Friday. 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 $155.68 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The business has a 50-day moving average of $486.42 and a 200-day moving average of $501.64.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the firm posted $4.01 EPS. The business’s revenue was up 8.2% on a year-over-year basis. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global’s payout ratio is currently 30.16%.

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.