Colonial Trust Advisors Has $6.26 Million Stock Holdings in S&P Global Inc. $SPGI

Colonial Trust Advisors decreased its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,862 shares of the business services provider’s stock after selling 127 shares during the period. Colonial Trust Advisors’ holdings in S&P Global were worth $6,255,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Cheviot Value Management LLC bought a new position in shares of S&P Global in the first quarter worth about $26,000. Costello Asset Management INC bought a new position in S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth approximately $26,000. MTM Investment Management LLC acquired a new position in S&P Global during the 2nd quarter worth $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in S&P Global by 103.3% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after buying an additional 31 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

S&P Global stock opened at $496.44 on Friday. The firm has a market capitalization of $150.32 billion, a P/E ratio of 38.19, a PEG ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The business has a 50-day moving average of $488.85 and a 200-day moving average of $516.22. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. On average, equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent research reports. Citigroup boosted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Stifel Nicolaus cut their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Mizuho boosted their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and a consensus target price of $613.00.

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.