Heartland Bank & Trust Co Decreases Stake in S&P Global Inc. $SPGI

Heartland Bank & Trust Co lessened its holdings in S&P Global Inc. (NYSE:SPGI) by 2.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,530 shares of the business services provider’s stock after selling 53 shares during the period. Heartland Bank & Trust Co’s holdings in S&P Global were worth $1,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of SPGI. Cheviot Value Management LLC acquired a new position in S&P Global in the 1st quarter worth approximately $26,000. Costello Asset Management INC acquired a new position in S&P Global in the 1st quarter worth approximately $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global in the 2nd quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC acquired a new position in S&P Global in the 1st quarter worth approximately $28,000. Finally, CBIZ Investment Advisory Services LLC increased its holdings 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 worth $31,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 1.4%

Shares of SPGI stock opened at $479.18 on Tuesday. The stock’s fifty day moving average is $528.26 and its two-hundred day moving average is $514.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $146.29 billion, a P/E ratio of 36.86, a PEG ratio of 2.58 and a beta of 1.19. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPGI. JPMorgan Chase & Co. raised their price objective on shares of S&P Global from $575.00 to $625.00 and gave the stock an “overweight” rating in a research note on Monday, July 21st. BMO Capital Markets raised their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Wells Fargo & Company raised their price objective on shares of S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Finally, Citigroup raised their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $614.85.

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.