Community Bank N.A. Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Community Bank N.A. reduced its position in S&P Global Inc. (NYSE:SPGI) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 951 shares of the business services provider’s stock after selling 30 shares during the period. Community Bank N.A.’s holdings in S&P Global were worth $474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of SPGI. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global in the 4th quarter worth $31,000. Dunhill Financial LLC boosted its stake in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of 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 position in shares of 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 0.1 %

Shares of NYSE:SPGI opened at $497.62 on Monday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39. The business has a 50 day simple moving average of $513.85 and a two-hundred day simple moving average of $510.40. The firm has a market capitalization of $153.17 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate 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 last year, the firm earned $3.13 earnings per share. On average, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is 31.09%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup assumed coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. UBS Group raised their price target on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a report on Tuesday, February 18th. Finally, Wells Fargo & Company raised their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock currently 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.