Zions Bancorporation N.A. Buys 1,666 Shares of S&P Global Inc. (NYSE:SPGI)

Zions Bancorporation N.A. grew its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,382 shares of the business services provider’s stock after buying an additional 1,666 shares during the quarter. Zions Bancorporation N.A.’s holdings in S&P Global were worth $5,171,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Human Investing LLC purchased a new stake in S&P Global during the fourth quarter valued at about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter valued at about $31,000. Dunhill Financial LLC raised its holdings in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after buying an additional 34 shares in the last quarter. Sound Income Strategies LLC lifted its position in S&P Global by 700.0% in the 4th 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 last quarter. Finally, BankPlus Trust Department purchased a new stake in S&P Global in the fourth quarter worth approximately $40,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

Shares of SPGI stock opened at $504.00 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $514.28 and a 200 day moving average of $510.31. The firm has a market capitalization of $155.13 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the previous year, the business posted $3.13 earnings per share. As a group, research analysts expect 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. 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. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global’s dividend payout ratio is 31.09%.

Analyst Ratings Changes

Several research analysts have commented on SPGI shares. Evercore ISI boosted their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. BMO Capital Markets upped their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Finally, Mizuho started coverage on S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to 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 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.