First Western Trust Bank Sells 434 Shares of S&P Global Inc. (NYSE:SPGI)

First Western Trust Bank cut its stake in S&P Global Inc. (NYSE:SPGI) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,972 shares of the business services provider’s stock after selling 434 shares during the quarter. First Western Trust Bank’s holdings in S&P Global were worth $4,468,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider’s stock worth $3,273,264,000 after buying an additional 116,208 shares in the last quarter. Norges Bank purchased a new position in shares of S&P Global in the 4th quarter worth approximately $1,725,084,000. Amundi grew its holdings in shares of S&P Global by 6.6% in the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider’s stock valued at $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in S&P Global by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,999,467 shares of the business services provider’s stock worth $995,795,000 after acquiring an additional 62,770 shares during the period. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPGI shares. Mizuho initiated coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Morgan Stanley raised their price objective 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. Evercore ISI boosted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. BMO Capital Markets raised their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Finally, UBS Group upped their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $590.86.

S&P Global Trading Down 4.9 %

Shares of SPGI opened at $489.00 on Friday. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39. The stock has a market cap of $153.47 billion, a PE ratio of 39.60, a P/E/G ratio of 2.41 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $514.94 and its 200-day moving average price is $509.84.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter last year, the firm posted $3.13 EPS. On average, equities analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.79%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.