CENTRAL TRUST Co Lowers Stock Holdings in S&P Global Inc. (NYSE:SPGI)

CENTRAL TRUST Co cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,642 shares of the business services provider’s stock after selling 184 shares during the quarter. CENTRAL TRUST Co’s holdings in S&P Global were worth $3,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after buying an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in S&P Global during the third quarter worth $224,976,000. FMR LLC lifted its holdings in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after buying an additional 369,598 shares during the period. Union Bancaire Privee UBP SA bought a new stake in S&P Global during the 4th quarter valued at $144,091,000. Finally, Wellington Management Group LLP increased its holdings in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after acquiring an additional 292,436 shares during the period. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.4 %

NYSE:SPGI opened at $521.44 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company’s fifty day moving average price is $506.40 and its 200-day moving average price is $504.59. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The firm has a market capitalization of $161.80 billion, a P/E ratio of 46.02, a PEG ratio of 2.40 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SPGI. Wells Fargo & Company reduced their target price on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Robert W. Baird raised their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

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.