First Western Trust Bank Reduces Position in S&P Global Inc. (NYSE:SPGI)

First Western Trust Bank cut its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,331 shares of the business services provider’s stock after selling 427 shares during the quarter. First Western Trust Bank’s holdings in S&P Global were worth $5,745,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in shares of S&P Global by 1,087.6% in the 2nd quarter. Osaic Holdings Inc. now owns 1,031,669 shares of the business services provider’s stock valued at $34,345,000 after purchasing an additional 944,801 shares during the last quarter. AMJ Financial Wealth Management purchased a new stake in shares of S&P Global in the 2nd quarter valued at approximately $231,000. Bessemer Group Inc. increased its position in shares of S&P Global by 8.3% in the 2nd quarter. Bessemer Group Inc. now owns 1,205,861 shares of the business services provider’s stock valued at $483,420,000 after purchasing an additional 92,101 shares during the last quarter. Delta Asset Management LLC TN grew its position in shares of S&P Global by 1.0% in the 2nd quarter. Delta Asset Management LLC TN now owns 138,790 shares of the business services provider’s stock valued at $55,639,000 after buying an additional 1,397 shares during the last quarter. Finally, Peloton Wealth Strategists purchased a new position in shares of S&P Global in the 2nd quarter valued at $825,000. 85.50% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of NYSE SPGI traded up $1.97 during midday trading on Monday, hitting $410.09. The company had a trading volume of 464,562 shares, compared to its average volume of 1,233,406. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.32. S&P Global Inc. has a twelve month low of $321.14 and a twelve month high of $428.65. The business has a 50-day simple moving average of $372.74 and a two-hundred day simple moving average of $381.99. The firm has a market capitalization of $129.92 billion, a price-to-earnings ratio of 52.80, a price-to-earnings-growth ratio of 2.55 and a beta of 1.13.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s dividend payout ratio (DPR) is 46.57%.

Insider Activity at S&P Global

In related news, insider Saugata Saha sold 200 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $390.13, for a total value of $78,026.00. Following the completion of the sale, the insider now owns 934 shares in the company, valued at $364,381.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $405.28, for a total transaction of $2,431,680.00. Following the completion of the transaction, the chief executive officer now directly owns 163,613 shares in the company, valued at approximately $66,309,076.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Saugata Saha sold 200 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $390.13, for a total transaction of $78,026.00. Following the transaction, the insider now owns 934 shares of the company’s stock, valued at $364,381.42. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on SPGI. Raymond James dropped their target price on shares of S&P Global from $421.00 to $403.00 and set an “outperform” rating on the stock in a research report on Thursday, October 5th. Wolfe Research began coverage on shares of S&P Global in a research report on Thursday, September 14th. They set an “outperform” rating and a $453.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of S&P Global from $450.00 to $424.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 3rd. StockNews.com began coverage on shares of S&P Global in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, Robert W. Baird lowered their price objective on shares of S&P Global from $460.00 to $451.00 and set an “outperform” rating on the stock in a research report on Friday, July 28th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $420.18.

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 six segments: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.