Bank of Hawaii Reduces Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Bank of Hawaii cut its stake in shares of S&P Global Inc. (NYSE:SPGI) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,269 shares of the business services provider’s stock after selling 143 shares during the quarter. Bank of Hawaii’s holdings in S&P Global were worth $3,122,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Human Investing LLC acquired a new position in shares of S&P Global during the 4th quarter worth $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 38 shares in the last quarter. Sound Income Strategies LLC increased its position in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department acquired a new position in shares of S&P Global during the fourth quarter valued at $40,000. 87.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SPGI shares. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Morgan Stanley raised their price target on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Finally, Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.86.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $474.73 on Thursday. The company has a market capitalization of $148.99 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $545.39. The firm’s 50-day moving average is $507.01 and its 200 day moving average is $506.94. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the business posted $3.13 EPS. Research analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.81%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio is presently 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.