S&P Global Inc. (NYSE:SPGI) Shares Sold by Washington Trust Bank

Washington Trust Bank decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 4.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455 shares of the business services provider’s stock after selling 21 shares during the period. Washington Trust Bank’s holdings in S&P Global were worth $235,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPGI. Dupont Capital Management Corp increased its holdings in 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 worth $12,019,000 after purchasing an additional 6,025 shares during the period. Norden Group LLC purchased a new stake in S&P Global during the 1st quarter worth about $377,000. Duality Advisers LP purchased a new stake in S&P Global during the 1st quarter worth about $733,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of S&P Global by 4.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 28,609 shares of the business services provider’s stock valued at $12,172,000 after acquiring an additional 1,294 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in shares of S&P Global by 51.0% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 2,950 shares of the business services provider’s stock valued at $1,255,000 after acquiring an additional 997 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.5 %

S&P Global stock opened at $497.10 on Friday. S&P Global Inc. has a twelve month low of $382.12 and a twelve month high of $533.29. The stock has a 50 day moving average of $511.49 and a two-hundred day moving average of $474.78. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $154.25 billion, a price-to-earnings ratio of 43.87, a PEG ratio of 2.50 and a beta of 1.18.

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 analysts’ consensus estimates 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 company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period last year, the firm earned $3.21 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, research analysts expect that S&P Global Inc. will post 15.16 earnings per share for the current year.

S&P Global Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.73%. S&P Global’s payout ratio is 32.13%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Oppenheimer increased their price objective on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Bank of America increased their price objective on S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. BMO Capital Markets dropped their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average price target 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.