S&P Global Inc. (NYSE:SPGI) Shares Sold by Huntington National Bank

Huntington National Bank cut its holdings in S&P Global Inc. (NYSE:SPGI) by 0.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,934 shares of the business services provider’s stock after selling 251 shares during the period. Huntington National Bank’s holdings in S&P Global were worth $14,431,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SPGI. Fortis Capital Management LLC boosted its holdings in shares of S&P Global by 15.2% in the 3rd quarter. Fortis Capital Management LLC now owns 2,247 shares of the business services provider’s stock valued at $1,161,000 after buying an additional 297 shares in the last quarter. Plato Investment Management Ltd boosted its stake in S&P Global by 11.7% in the third quarter. Plato Investment Management Ltd now owns 6,039 shares of the business services provider’s stock valued at $3,117,000 after acquiring an additional 633 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of S&P Global by 4.9% during the third quarter. D Orazio & Associates Inc. now owns 708 shares of the business services provider’s stock worth $366,000 after purchasing an additional 33 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of S&P Global by 5.8% during the third quarter. Oppenheimer & Co. Inc. now owns 4,291 shares of the business services provider’s stock worth $2,217,000 after purchasing an additional 235 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of S&P Global by 0.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 65,167 shares of the business services provider’s stock valued at $33,667,000 after purchasing an additional 222 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

Shares of SPGI opened at $510.64 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $510.74 and its two-hundred day moving average is $477.90. S&P Global Inc. has a twelve month low of $401.58 and a twelve month high of $533.29. The firm has a market capitalization of $158.45 billion, a PE ratio of 45.07, a P/E/G ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.21 earnings per share. Research analysts anticipate that S&P Global Inc. will post 15.25 earnings per share for the current year.

S&P Global Dividend Announcement

The business 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. This represents a $3.64 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Barclays raised their price target on S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. UBS Group raised their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Royal Bank of Canada lifted their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Finally, Robert W. Baird lifted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Company 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.