Glenmede Trust Co. NA Has $16.81 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

Glenmede Trust Co. NA cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,539 shares of the business services provider’s stock after selling 1,314 shares during the period. Glenmede Trust Co. NA’s holdings in S&P Global were worth $16,810,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Burney Co. increased its holdings in S&P Global by 81.8% during the first quarter. Burney Co. now owns 1,309 shares of the business services provider’s stock worth $557,000 after buying an additional 589 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of S&P Global by 302.1% in the 1st quarter. Cetera Investment Advisers now owns 89,256 shares of the business services provider’s stock valued at $37,974,000 after purchasing an additional 67,060 shares during the period. Cetera Advisors LLC lifted its stake in S&P Global by 24.5% in the 1st quarter. Cetera Advisors LLC now owns 51,928 shares of the business services provider’s stock valued at $22,093,000 after purchasing an additional 10,215 shares during the last quarter. Clear Rock Advisors LLC grew its holdings in S&P Global by 4.1% during the first quarter. Clear Rock Advisors LLC now owns 5,575 shares of the business services provider’s stock worth $2,372,000 after purchasing an additional 220 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in S&P Global by 16.7% during the first quarter. EverSource Wealth Advisors LLC now owns 434 shares of the business services provider’s stock worth $181,000 after buying an additional 62 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

Shares of NYSE SPGI opened at $522.86 on Friday. The business has a fifty day moving average price of $509.24 and a two-hundred day moving average price of $484.31. The stock has a market capitalization of $162.24 billion, a PE ratio of 46.15, a P/E/G ratio of 2.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data 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. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the business posted $3.21 earnings per share. S&P Global’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.70%. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised 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. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus lifted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Barclays increased their price target 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, Oppenheimer raised their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $571.31.

S&P Global Company 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.