S&P Global Inc. (NYSE:SPGI) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co reduced its holdings in S&P Global Inc. (NYSE:SPGI) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,484 shares of the business services provider’s stock after selling 534 shares during the quarter. Fiduciary Trust Co’s holdings in S&P Global were worth $16,178,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC bought a new position in S&P Global in the 4th quarter valued at about $27,000. Human Investing LLC bought a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global during the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. raised its holdings in S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after purchasing an additional 63 shares during the period. Institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price target on the stock. UBS Group raised their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research report on Wednesday, April 30th. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Morgan Stanley raised their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Robert W. Baird dropped their price target on S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus price target of $592.71.

Insider Transactions at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Up 0.4 %

Shares of S&P Global stock opened at $507.60 on Friday. S&P Global Inc. has a 12-month low of $419.49 and a 12-month high of $545.39. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $486.42 and a two-hundred day moving average price of $501.64. The stock has a market capitalization of $155.68 billion, a P/E ratio of 41.10, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $4.01 EPS. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is currently 30.16%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.