Town & Country Bank & Trust CO dba First Bankers Trust CO Boosts Stock Position in S&P Global Inc. (NYSE:SPGI)

Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in S&P Global Inc. (NYSE:SPGI) by 10.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,457 shares of the business services provider’s stock after purchasing an additional 136 shares during the quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in S&P Global were worth $620,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. Vicus Capital purchased a new position in shares of S&P Global during the 1st quarter valued at $429,000. First Bank & Trust grew its holdings in shares of S&P Global by 0.7% in the first quarter. First Bank & Trust now owns 3,811 shares of the business services provider’s stock worth $1,621,000 after purchasing an additional 25 shares during the last quarter. Independence Bank of Kentucky grew its holdings in shares of S&P Global by 33.0% in the first quarter. Independence Bank of Kentucky now owns 1,977 shares of the business services provider’s stock worth $841,000 after purchasing an additional 490 shares during the last quarter. S.E.E.D. Planning Group LLC bought a new stake in S&P Global during the 1st quarter valued at $498,000. Finally, Indiana Trust & Investment Management CO raised its holdings in S&P Global by 25.8% during the 1st quarter. Indiana Trust & Investment Management CO now owns 195 shares of the business services provider’s stock valued at $83,000 after buying an additional 40 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPGI shares. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer upped their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets lifted their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Finally, Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Stock Performance

SPGI traded down $2.91 during midday trading on Friday, hitting $446.00. 3,028,270 shares of the company traded hands, compared to its average volume of 969,709. The company’s 50-day moving average is $431.45 and its 200 day moving average is $431.75. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $139.55 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.15. S&P Global Inc. has a 52 week low of $340.49 and a 52 week high of $461.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. On average, research analysts expect that S&P Global Inc. will post 14.1 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.82%. S&P Global’s dividend payout ratio (DPR) is currently 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.