S&P Global Inc. $SPGI Stock Sold by Glenview Trust Co

Glenview Trust Co reduced its position in shares of S&P Global Inc. (NYSE:SPGI) by 26.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,316 shares of the business services provider’s stock after selling 3,732 shares during the quarter. Glenview Trust Co’s holdings in S&P Global were worth $4,069,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Partners Wealth Management LLC increased its stake in S&P Global by 65.5% during the third quarter. Partners Wealth Management LLC now owns 902 shares of the business services provider’s stock worth $356,000 after acquiring an additional 357 shares during the last quarter. Soltis Investment Advisors LLC raised its holdings in S&P Global by 9.7% in the 3rd quarter. Soltis Investment Advisors LLC now owns 1,420 shares of the business services provider’s stock valued at $560,000 after buying an additional 126 shares during the period. Crew Capital Management Ltd lifted its position in S&P Global by 9.6% in the third quarter. Crew Capital Management Ltd now owns 2,617 shares of the business services provider’s stock valued at $1,032,000 after buying an additional 230 shares during the last quarter. United Asset Strategies Inc. boosted its stake in S&P Global by 1.1% during the third quarter. United Asset Strategies Inc. now owns 31,244 shares of the business services provider’s stock worth $12,325,000 after buying an additional 354 shares during the period. Finally, Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in shares of S&P Global by 15.2% in the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 728 shares of the business services provider’s stock worth $287,000 after acquiring an additional 96 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on SPGI shares. Barclays dropped their target price on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Robert W. Baird set a $513.00 price objective on shares of S&P Global in a report on Wednesday, September 2nd. Citigroup raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America reduced their price objective on S&P Global from $575.00 to $550.00 and set a “buy” rating on the stock in a research note on Friday, July 10th. Finally, Zacks Research raised S&P Global from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $522.24.

S&P Global Stock Performance

Shares of S&P Global stock opened at $466.46 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. S&P Global Inc. has a 52 week low of $381.61 and a 52 week high of $552.25. The firm’s 50 day moving average is $421.62 and its two-hundred day moving average is $431.64. The firm has a market capitalization of $135.23 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.21 and a beta of 1.09.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. The business had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the firm earned $4.73 EPS. The company’s revenue was up 6.8% compared to the same quarter last year. Research analysts forecast that S&P Global Inc. will post 17.89 EPS for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global’s payout ratio is presently 23.14%.

S&P Global Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.