Glenmede Trust Co. NA Sells 1,314 Shares of S&P Global Inc. (NYSE:SPGI)

Glenmede Trust Co. NA cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,539 shares of the business services provider’s stock after selling 1,314 shares during the quarter. Glenmede Trust Co. NA’s holdings in S&P Global were worth $16,810,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First National Corp MA ADV increased its holdings in shares of S&P Global by 0.9% during the third quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock worth $1,211,000 after buying an additional 20 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its position in S&P Global by 25.0% in the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 20 shares during the last quarter. Trust Point Inc. boosted its stake in shares of S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after purchasing an additional 20 shares in the last quarter. Sapient Capital LLC grew its holdings in shares of S&P Global by 2.5% during the second quarter. Sapient Capital LLC now owns 863 shares of the business services provider’s stock worth $385,000 after purchasing an additional 21 shares during the last quarter. Finally, Chatham Capital Group Inc. increased its stake in shares of 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 buying an additional 21 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of SPGI opened at $522.86 on Friday. The firm has a market cap of $162.24 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.18. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $533.29. The business’s 50 day moving average price is $509.24 and its two-hundred day moving average price is $484.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.21 EPS. On average, equities analysts anticipate that S&P Global Inc. will post 15.24 EPS 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. Stockholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s dividend payout ratio (DPR) is presently 32.13%.

Wall Street Analyst Weigh In

SPGI has been the topic of several recent research reports. Oppenheimer lifted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Morgan Stanley raised their target price on S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. UBS Group upped their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $571.31.

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.