Whittier Trust Co. of Nevada Inc. Buys 1,174 Shares of S&P Global Inc. (NYSE:SPGI)

Whittier Trust Co. of Nevada Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,788 shares of the business services provider's stock after purchasing an additional 1,174 shares during the quarter. Whittier Trust Co. of Nevada Inc.'s holdings in S&P Global were worth $12,345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SPGI. Raymond James Financial Inc. bought a new position in S&P Global during the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC boosted its stake in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. FMR LLC grew its holdings in shares of S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in S&P Global in the 4th quarter worth $144,091,000. Finally, Wellington Management Group LLP lifted its stake in S&P Global by 3.4% in the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SPGI shares. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective on the stock. Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. UBS Group raised their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $590.86.

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S&P Global Trading Up 2.0 %

SPGI stock traded up $9.89 during trading on Tuesday, reaching $513.83. The company had a trading volume of 1,350,988 shares, compared to its average volume of 1,155,440. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The business has a 50 day moving average of $514.28 and a 200 day moving average of $510.31. The company has a market cap of $158.16 billion, a P/E ratio of 41.61, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the firm posted $3.13 earnings per share. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This is a boost from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's dividend payout ratio (DPR) is 31.09%.

About S&P Global

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.