S&P Global Inc. (NYSE:SPGI) Shares Purchased by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 12.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,591 shares of the business services provider’s stock after purchasing an additional 411 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in S&P Global were worth $1,788,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Headinvest LLC raised its holdings in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock worth $515,000 after purchasing an additional 20 shares during the last quarter. EWA LLC raised its holdings in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after purchasing an additional 20 shares during the last quarter. Continuum Advisory LLC raised its holdings in S&P Global by 1.3% during the third quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock worth $788,000 after purchasing an additional 20 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock worth $515,000 after acquiring an additional 20 shares during the last quarter. Finally, Archer Investment Corp raised its holdings in shares of S&P Global by 21.0% in the third quarter. Archer Investment Corp now owns 127 shares of the business services provider’s stock worth $66,000 after acquiring an additional 22 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $497.35 on Friday. The stock has a 50-day moving average price of $515.06 and a two-hundred day moving average price of $511.59. S&P Global Inc. has a 12-month low of $407.69 and a 12-month high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a market cap of $153.08 billion, a PE ratio of 40.27, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (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 quarter in the prior year, the firm earned $3.13 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 31.09%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SPGI. Morgan Stanley boosted their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company boosted their price target on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Profile

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.