Ledyard National Bank Has $414,000 Stock Holdings in S&P Global Inc. $SPGI

Ledyard National Bank lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 3.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 785 shares of the business services provider’s stock after selling 24 shares during the period. Ledyard National Bank’s holdings in S&P Global were worth $414,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Costello Asset Management INC acquired a new stake in S&P Global during the 1st quarter worth $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global in the 2nd quarter valued at $26,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the period. Finally, eCIO Inc. acquired a new position in shares of S&P Global in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the subject of several research analyst reports. Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a report on Monday, September 15th. Barclays boosted their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on shares of S&P Global from $575.00 to $625.00 and gave the company an “overweight” rating in a report on Monday, July 21st. BMO Capital Markets decreased their price target on shares of S&P Global from $621.00 to $558.00 and set an “outperform” rating for the company in a report on Thursday, October 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $614.23.

S&P Global Price Performance

Shares of NYSE SPGI opened at $490.53 on Friday. The firm has a market cap of $149.76 billion, a PE ratio of 37.73, a PEG ratio of 2.50 and a beta of 1.19. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a fifty day moving average price of $508.81 and a 200 day moving average price of $514.88.

S&P Global (NYSE:SPGI) last announced its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

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.