Smithfield Trust Co Has $766,000 Stake in S&P Global Inc. (NYSE:SPGI)

Smithfield Trust Co raised its position in shares of S&P Global Inc. (NYSE:SPGI) by 18.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,479 shares of the business services provider’s stock after acquiring an additional 233 shares during the period. Smithfield Trust Co’s holdings in S&P Global were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SPGI. First National Corp MA ADV boosted its holdings in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its stake in shares of S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after purchasing an additional 20 shares during the period. Trust Point Inc. lifted its stake in shares of S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after purchasing an additional 20 shares during the period. Sapient Capital LLC raised its stake in S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after acquiring an additional 21 shares during the period. Finally, Chatham Capital Group Inc. raised its stake in S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock worth $2,007,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.8 %

NYSE SPGI opened at $512.26 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $509.45 and a two-hundred day moving average of $481.15. The firm has a market capitalization of $158.96 billion, a price-to-earnings ratio of 45.21, a PEG ratio of 2.57 and a beta of 1.18. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $533.29.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the company earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of research firms have commented on SPGI. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Morgan Stanley raised their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Robert W. Baird increased their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $571.31.

About S&P Global

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.