Rockland Trust Co. Grows Holdings in S&P Global Inc. $SPGI

Rockland Trust Co. increased its holdings in S&P Global Inc. (NYSE:SPGI) by 111.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,029 shares of the business services provider’s stock after acquiring an additional 5,275 shares during the quarter. Rockland Trust Co.’s holdings in S&P Global were worth $4,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Emerald Advisers LLC lifted its holdings in shares of S&P Global by 2.0% during the second quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC raised its stake in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after buying an additional 18 shares during the last quarter. Summitry LLC raised its stake in S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after buying an additional 18 shares during the last quarter. Hamilton Capital LLC boosted its holdings in S&P Global by 4.5% in the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after acquiring an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC grew its stake in shares of S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after acquiring an additional 19 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPGI shares. Evercore lifted their price target on S&P Global from $629.00 to $632.00 and gave the stock an “outperform” rating in a research report on Thursday, January 8th. William Blair restated an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. The Goldman Sachs Group reduced their price target on shares of S&P Global from $638.00 to $555.00 and set a “buy” rating for the company in a research report on Monday. Finally, Morgan Stanley upped their price objective on S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has a consensus rating of “Buy” and an average price target of $609.57.

S&P Global Stock Up 1.1%

Shares of S&P Global stock opened at $444.25 on Tuesday. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. The company’s 50 day moving average is $515.09 and its 200 day moving average is $514.84. The company has a market cap of $134.52 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.87 and a beta of 1.20.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 11th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, February 25th. This is a positive change from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s payout ratio is currently 27.93%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.