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

Bank of Hawaii lifted its stake in S&P Global Inc. (NYSE:SPGI) by 0.9% in the third quarter, HoldingsChannel reports. The firm owned 6,412 shares of the business services provider’s stock after acquiring an additional 55 shares during the quarter. Bank of Hawaii’s holdings in S&P Global were worth $3,313,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Legal & General Group Plc boosted its stake in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after buying an additional 29,227 shares during the period. Ameriprise Financial Inc. raised its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in S&P Global by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock worth $1,000,536,000 after acquiring an additional 26,300 shares during the last quarter. Clearbridge Investments LLC grew its holdings in S&P Global by 1.4% during the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock worth $651,682,000 after acquiring an additional 20,624 shares in the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of S&P Global by 4.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,396,304 shares of the business services provider’s stock valued at $622,752,000 after purchasing an additional 57,159 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.6 %

SPGI stock opened at $514.46 on Monday. The company has a market cap of $159.64 billion, a price-to-earnings ratio of 45.41, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18. The company has a fifty day moving average price of $509.35 and a 200 day moving average price of $482.51. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same period in the prior year, the company earned $3.21 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts expect that S&P Global Inc. will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.71%. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Morgan Stanley boosted their target price on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Oppenheimer boosted their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.