AMG National Trust Bank Sells 91 Shares of S&P Global Inc. (NYSE:SPGI)

AMG National Trust Bank decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 13.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 563 shares of the business services provider’s stock after selling 91 shares during the quarter. AMG National Trust Bank’s holdings in S&P Global were worth $291,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Dupont Capital Management Corp boosted its position in shares of S&P Global by 27.1% during the 1st quarter. Dupont Capital Management Corp now owns 28,249 shares of the business services provider’s stock valued at $12,019,000 after acquiring an additional 6,025 shares during the last quarter. Natixis Investment Managers International grew its stake in shares of S&P Global by 26.5% in the 1st quarter. Natixis Investment Managers International now owns 434 shares of the business services provider’s stock worth $185,000 after buying an additional 91 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in shares of S&P Global by 119.0% in the 1st quarter. Evermay Wealth Management LLC now owns 335 shares of the business services provider’s stock worth $143,000 after buying an additional 182 shares during the last quarter. Delap Wealth Advisory LLC purchased a new stake in shares of S&P Global during the 1st quarter valued at about $205,000. Finally, CreativeOne Wealth LLC lifted its holdings in shares of S&P Global by 101.2% in the 1st quarter. CreativeOne Wealth LLC now owns 1,620 shares of the business services provider’s stock valued at $690,000 after acquiring an additional 815 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SPGI shares. Wells Fargo & Company upped their price objective on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research report on Friday, September 13th. Oppenheimer lifted their price target on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Trading Down 0.1 %

NYSE SPGI opened at $502.31 on Wednesday. S&P Global Inc. has a one year low of $407.53 and a one year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $155.87 billion, a price-to-earnings ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company’s 50-day simple moving average is $509.86 and its two-hundred day simple moving average is $480.77.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $3.21 earnings per share. Equities analysts forecast that S&P Global Inc. will post 15.24 EPS 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. Investors of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

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.