Huntington National Bank Boosts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Huntington National Bank lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 29,896 shares of the business services provider’s stock after purchasing an additional 1,962 shares during the period. Huntington National Bank’s holdings in S&P Global were worth $14,889,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the fourth quarter valued at approximately $31,000. Hazlett Burt & Watson Inc. lifted its position in S&P Global by 131.0% during the fourth 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 during the last quarter. Dunhill Financial LLC grew its holdings in S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the last quarter. Finally, Sound Income Strategies LLC grew its holdings 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 purchasing an additional 63 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $514.56 on Thursday. The firm has a market capitalization of $161.49 billion, a P/E ratio of 41.66, a PEG ratio of 2.41 and a beta of 1.20. The stock has a 50-day simple moving average of $515.43 and a two-hundred day simple moving average of $509.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the firm earned $3.13 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 17.11 earnings per share 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 given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SPGI. Mizuho began coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company. Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. UBS Group increased their price objective on shares of S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Finally, Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Company 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.