Trust Co. of Vermont raised its position in shares of S&P Global Inc (NYSE:SPGI) by 2.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,903 shares of the business services provider’s stock after purchasing an additional 82 shares during the period. Trust Co. of Vermont’s holdings in S&P Global were worth $822,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. We Are One Seven LLC bought a new stake in shares of S&P Global during the 4th quarter worth about $28,000. Moody National Bank Trust Division purchased a new position in shares of S&P Global in the fourth quarter worth approximately $29,000. Legacy Bridge LLC purchased a new position in shares of S&P Global in the fourth quarter worth approximately $30,000. Sontag Advisory LLC purchased a new position in shares of S&P Global in the fourth quarter worth approximately $31,000. Finally, Oregon Public Employees Retirement Fund increased its position in shares of S&P Global by 7,358.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,418,367 shares of the business services provider’s stock worth $32,000 after acquiring an additional 5,345,720 shares in the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
SPGI stock traded up $2.02 during trading hours on Wednesday, hitting $216.54. The company’s stock had a trading volume of 1,199,836 shares, compared to its average volume of 1,152,145. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 11.03. The company has a market capitalization of $52.77 billion, a price-to-earnings ratio of 25.48, a P/E/G ratio of 1.72 and a beta of 1.16. S&P Global Inc has a 12 month low of $156.68 and a 12 month high of $222.00.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm posted $2.00 earnings per share. S&P Global’s quarterly revenue was up .3% compared to the same quarter last year. On average, research analysts expect that S&P Global Inc will post 9.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Tuesday, May 28th. S&P Global’s payout ratio is 26.82%.
In other news, EVP Courtney Geduldig sold 4,105 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $217.57, for a total value of $893,124.85. Following the completion of the transaction, the executive vice president now owns 7,917 shares in the company, valued at approximately $1,722,501.69. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $198.02, for a total transaction of $354,653.82. Following the completion of the transaction, the chief executive officer now owns 19,466 shares of the company’s stock, valued at approximately $3,854,657.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,555 shares of company stock valued at $7,039,419. Corporate insiders own 0.20% of the company’s stock.
Several research firms have recently weighed in on SPGI. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. Piper Jaffray Companies boosted their price objective on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Raymond James boosted their price objective on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. UBS Group raised shares of S&P Global from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $228.00 to $252.00 in a research report on Tuesday, May 21st. Finally, Morgan Stanley set a $226.00 price objective on shares of S&P Global and gave the company a “hold” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $217.55.
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S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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