Blue Trust Inc. Purchases 97 Shares of S&P Global Inc. (NYSE:SPGI)

Blue Trust Inc. lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.6% during the third quarter, Holdings Channel reports. The firm owned 3,897 shares of the business services provider’s stock after acquiring an additional 97 shares during the period. Blue Trust Inc.’s holdings in S&P Global were worth $2,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SPGI. Dixon Mitchell Investment Counsel Inc. lifted its holdings in S&P Global by 6.9% during the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 16,215 shares of the business services provider’s stock worth $8,377,000 after acquiring an additional 1,053 shares during the period. Moss Adams Wealth Advisors LLC increased its position in S&P Global by 59.1% in the third quarter. Moss Adams Wealth Advisors LLC now owns 818 shares of the business services provider’s stock worth $423,000 after buying an additional 304 shares during the last quarter. Net Worth Advisory Group bought a new stake in shares of S&P Global in the third quarter valued at $303,000. Stratos Wealth Advisors LLC lifted its position in shares of S&P Global by 23.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 610 shares of the business services provider’s stock valued at $315,000 after buying an additional 115 shares during the last quarter. Finally, Aspiriant LLC bought a new position in shares of S&P Global during the 3rd quarter worth $204,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the sale, the insider now owns 13,217 shares of the company’s stock, valued at $6,496,816.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now directly owns 1,455 shares in the company, valued at approximately $715,205.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,862 shares of company stock worth $8,645,727. Company insiders own 0.10% of the company’s stock.

S&P Global Stock Up 1.1 %

Shares of SPGI opened at $524.80 on Friday. S&P Global Inc. has a 1 year low of $340.49 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $512.21 and a two-hundred day simple moving average of $468.18. The firm has a market cap of $164.21 billion, a P/E ratio of 58.83, a P/E/G ratio of 2.91 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The company had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.12 EPS. On average, analysts forecast that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.69%. S&P Global’s dividend payout ratio is currently 40.81%.

Wall Street Analyst Weigh In

Several research firms have commented on SPGI. Wells Fargo & Company upped their price objective on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Stifel Nicolaus increased their price target on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $565.17.

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.