1,809 S&P Global Inc. $SPGI Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in S&P Global Inc. (NYSE:SPGI) by 2.4% during the third quarter, Holdings Channel reports. The firm owned 74,656 shares of the business services provider’s stock after selling 1,809 shares during the period. Greenleaf Trust’s holdings in S&P Global were worth $29,450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hibernia Wealth Partners LLC lifted its position in shares of S&P Global by 3.3% during the 1st quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider’s stock worth $321,000 after buying an additional 24 shares during the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of S&P Global by 0.7% during the third quarter. Sage Rhino Capital LLC now owns 3,848 shares of the business services provider’s stock worth $1,518,000 after purchasing an additional 25 shares during the period. Petros Family Wealth LLC raised its position in shares of S&P Global by 3.3% during the third quarter. Petros Family Wealth LLC now owns 775 shares of the business services provider’s stock worth $306,000 after acquiring an additional 25 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in S&P Global by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider’s stock worth $925,000 after buying an additional 26 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its holdings in S&P Global by 31.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider’s stock worth $48,000 after acquiring an additional 27 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SPGI. Zacks Research upgraded shares of S&P Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, September 5th. Morgan Stanley upped their target price on S&P Global from $477.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Citigroup increased their price target on shares of S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 price objective on shares of S&P Global in a report on Wednesday, August 26th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $522.24.

S&P Global Price Performance

Shares of NYSE SPGI opened at $466.46 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $421.62 and its two-hundred day simple moving average is $431.64. The firm has a market capitalization of $135.23 billion, a P/E ratio of 27.82, a P/E/G ratio of 2.21 and a beta of 1.09. S&P Global Inc. has a twelve month low of $381.61 and a twelve month high of $552.25.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.15. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.64 billion. S&P Global had a net margin of 32.21% and a return on equity of 19.46%. S&P Global’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $4.73 earnings per share. As a group, equities analysts anticipate that S&P Global Inc. will post 17.89 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 23.14%.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.