Intrust Bank NA Sells 128 Shares of S&P Global Inc. (NYSE:SPGI)

Intrust Bank NA trimmed its holdings in S&P Global Inc. (NYSE:SPGI) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,421 shares of the business services provider’s stock after selling 128 shares during the period. Intrust Bank NA’s holdings in S&P Global were worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPGI. Allstate Corp bought a new stake in shares of S&P Global in the 4th quarter valued at about $4,723,000. DnB Asset Management AS lifted its stake in shares of S&P Global by 1.5% in the 4th quarter. DnB Asset Management AS now owns 259,003 shares of the business services provider’s stock valued at $128,991,000 after purchasing an additional 3,802 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of S&P Global by 12.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 198,905 shares of the business services provider’s stock valued at $99,061,000 after buying an additional 22,183 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of S&P Global by 7.7% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 271,405 shares of the business services provider’s stock valued at $135,168,000 after purchasing an additional 19,441 shares in the last quarter. Finally, Broadway Wealth Solutions Inc. bought a new stake in S&P Global in the fourth quarter worth $305,000. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPGI has been the subject of a number of recent analyst reports. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. UBS Group boosted 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. Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup began coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Finally, BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Stock Performance

NYSE SPGI opened at $502.33 on Friday. 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 stock has a market cap of $157.65 billion, a PE ratio of 40.67, a P/E/G ratio of 2.41 and a beta of 1.20. The stock has a fifty day simple moving average of $515.20 and a 200-day simple moving average of $510.21. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $3.13 earnings per share. Equities analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This is an increase 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 dividend yield of 0.76%. S&P Global’s dividend payout ratio is 31.09%.

S&P Global 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.