First Western Trust Bank Has $4.86 Million Stock Position in S&P Global Inc. (NYSE:SPGI)

First Western Trust Bank reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 11.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,406 shares of the business services provider's stock after selling 1,266 shares during the period. First Western Trust Bank's holdings in S&P Global were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SPGI. HWG Holdings LP acquired a new stake in shares of S&P Global in the second quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new stake in S&P Global in the 3rd quarter valued at about $27,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider's stock worth $29,000 after acquiring an additional 30 shares during the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of S&P Global during the second quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. BMO Capital Markets reduced their target price on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Finally, Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $571.31.

S&P Global Price Performance

S&P Global stock traded down $0.29 during mid-day trading on Monday, reaching $503.00. 1,164,912 shares of the company were exchanged, compared to its average volume of 1,209,188. The company has a fifty day simple moving average of $510.47 and a 200-day simple moving average of $479.62. The firm has a market cap of $156.08 billion, a PE ratio of 44.42, a PEG ratio of 2.57 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 12 month low of $407.53 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same period in the previous year, the company earned $3.21 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. As a group, equities research analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. S&P Global's dividend payout ratio is currently 32.13%.

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.