FineMark National Bank & Trust Decreases Position in S&P Global Inc. (NYSE:SPGI)

FineMark National Bank & Trust reduced its stake in shares of S&P Global Inc. (NYSE:SPGI) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,548 shares of the business services provider’s stock after selling 109 shares during the quarter. FineMark National Bank & Trust’s holdings in S&P Global were worth $771,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Human Investing LLC purchased a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the fourth quarter valued at $31,000. Dunhill Financial LLC grew its holdings in 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 purchasing an additional 34 shares in the last quarter. Sound Income Strategies LLC increased its stake in S&P Global by 700.0% during 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 period. Finally, BankPlus Trust Department acquired a new position in S&P Global in the 4th quarter worth $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 2.0 %

NYSE:SPGI opened at $513.83 on Wednesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $514.89 and a 200-day moving average of $510.33. The firm has a market capitalization of $158.16 billion, a PE ratio of 41.61, a price-to-earnings-growth 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 issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 quarter in the prior year, the company posted $3.13 earnings per share. 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 disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.75%. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Analyst Ratings Changes

SPGI has been the subject of several recent analyst reports. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. 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 objective for the company. Oppenheimer dropped 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. Evercore ISI increased their target price 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, BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, S&P Global has a consensus rating of “Moderate Buy” and an average 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.