S&P Global Inc (NYSE:SPGI) Stock Position Decreased by Plimoth Trust Co. LLC

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Plimoth Trust Co. LLC trimmed its position in shares of S&P Global Inc (NYSE:SPGI) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,185 shares of the business services provider’s stock after selling 40 shares during the quarter. Plimoth Trust Co. LLC’s holdings in S&P Global were worth $427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NuWave Investment Management LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at $31,000. Creative Financial Designs Inc. ADV lifted its position in shares of S&P Global by 111.6% in the third quarter. Creative Financial Designs Inc. ADV now owns 91 shares of the business services provider’s stock worth $33,000 after buying an additional 48 shares during the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in shares of S&P Global in the second quarter worth about $43,000. CX Institutional boosted its stake in shares of S&P Global by 179.7% during the 2nd quarter. CX Institutional now owns 179 shares of the business services provider’s stock worth $59,000 after acquiring an additional 115 shares in the last quarter. Finally, Coastal Capital Group Inc. increased its holdings in shares of S&P Global by 62.5% during the 2nd quarter. Coastal Capital Group Inc. now owns 195 shares of the business services provider’s stock valued at $65,000 after acquiring an additional 75 shares during the last quarter. 82.99% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Courtney Geduldig sold 2,580 shares of S&P Global stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $352.76, for a total transaction of $910,120.80. Following the sale, the executive vice president now directly owns 10,040 shares in the company, valued at approximately $3,541,710.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

SPGI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on S&P Global from $325.00 to $390.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. UBS Group upped their price objective on shares of S&P Global from $418.00 to $422.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. The Goldman Sachs Group upgraded shares of S&P Global from a “buy” rating to a “conviction-buy” rating and lifted their target price for the stock from $336.00 to $397.00 in a report on Wednesday, July 8th. BMO Capital Markets decreased their price target on shares of S&P Global from $375.00 to $392.00 in a report on Wednesday. Finally, Oppenheimer started coverage on S&P Global in a research note on Tuesday, July 28th. They issued a “buy” rating and a $396.00 price objective on the stock. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. S&P Global has an average rating of “Buy” and a consensus target price of $362.92.

Shares of SPGI traded down $0.03 during mid-day trading on Thursday, hitting $326.67. The company’s stock had a trading volume of 13,661 shares, compared to its average volume of 1,346,822. S&P Global Inc has a one year low of $186.05 and a one year high of $379.87. The company has a debt-to-equity ratio of 14.74, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $78.73 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.99. The stock’s 50-day moving average is $350.45 and its two-hundred day moving average is $333.19.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $2.85 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.21. The company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.74 billion. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. During the same period in the prior year, the business earned $2.46 earnings per share. S&P Global’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that S&P Global Inc will post 11.17 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 24th. S&P Global’s dividend payout ratio is 28.12%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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