Indiana Trust & Investment Management Co Sells 50 Shares of S&P Global Inc. (NYSE:SPGI)

Indiana Trust & Investment Management Co lessened its position in shares of S&P Global Inc. (NYSE:SPGI) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145 shares of the business services provider’s stock after selling 50 shares during the period. Indiana Trust & Investment Management Co’s holdings in S&P Global were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SPGI. First National Corp MA ADV grew its holdings in shares of S&P Global by 0.9% in the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after acquiring an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. increased its holdings in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after buying an additional 20 shares during the last quarter. Sapient Capital LLC raised its position in S&P Global by 2.5% in the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after acquiring an additional 21 shares during the period. Chatham Capital Group Inc. boosted its stake in S&P Global by 0.5% in the second quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider’s stock valued at $2,007,000 after acquiring an additional 21 shares during the last quarter. Finally, Kampmann Melissa S. boosted its stake in S&P Global by 0.3% in the second quarter. Kampmann Melissa S. now owns 8,284 shares of the business services provider’s stock valued at $3,695,000 after acquiring an additional 21 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPGI. Wells Fargo & Company raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on S&P Global from $550.00 to $565.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America lifted their price objective on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $565.17.

Insiders Place Their Bets

In related news, insider Edouard Tavernier sold 500 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the transaction, the insider now owns 13,217 shares of the company’s stock, valued at approximately $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Steven J. Kemps sold 2,700 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the sale, the executive vice president now owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $245,775.00. Following the completion of the transaction, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,862 shares of company stock valued at $8,645,727 over the last quarter. 0.10% of the stock is owned by corporate insiders.

S&P Global Price Performance

S&P Global stock traded down $0.48 during mid-day trading on Wednesday, hitting $527.97. 292,848 shares of the company traded hands, compared to its average volume of 1,193,018. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global Inc. has a one year low of $340.49 and a one year high of $533.29. The stock has a market cap of $165.20 billion, a price-to-earnings ratio of 59.24, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18. The stock has a fifty day moving average price of $509.83 and a 200-day moving average price of $466.42.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.67 by $0.37. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the business earned $3.12 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts predict that S&P Global Inc. will post 14.61 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.69%. S&P Global’s dividend payout ratio is 40.81%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.