Parkside Financial Bank & Trust Acquires 20 Shares of S&P Global Inc. (NYSE:SPGI)

Parkside Financial Bank & Trust boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,034 shares of the business services provider’s stock after buying an additional 20 shares during the quarter. Parkside Financial Bank & Trust’s holdings in S&P Global were worth $515,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SPGI. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC bought a new position in S&P Global in the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter valued at approximately $31,000. Dunhill Financial LLC raised its holdings in S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $534.09 on Friday. The company has a fifty day simple moving average of $513.75 and a 200 day simple moving average of $510.67. 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 $164.39 billion, a P/E ratio of 43.25, a PEG 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 the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the company posted $3.13 earnings per share. Sell-side analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Wells Fargo & Company raised their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Finally, UBS Group lifted their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Company 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.