Bank of Hawaii Decreases Stock Position in S&P Global Inc. $SPGI

Bank of Hawaii decreased its position in shares of S&P Global Inc. (NYSE:SPGI) by 32.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,236 shares of the business services provider’s stock after selling 2,033 shares during the period. Bank of Hawaii’s holdings in S&P Global were worth $2,152,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at about $25,000. Costello Asset Management INC purchased a new position in S&P Global in the first quarter valued at about $26,000. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter valued at approximately $26,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in S&P Global during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPGI shares. UBS Group raised their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $615.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Stifel Nicolaus dropped their target price on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Barclays boosted their target price on shares of S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company increased their price target on shares of S&P Global from $632.00 to $660.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average target price of $611.69.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $555.93 on Monday. The stock has a market capitalization of $169.73 billion, a P/E ratio of 42.76, a P/E/G ratio of 2.98 and a beta of 1.19. The firm’s 50-day moving average price is $534.30 and its two-hundred day moving average price is $513.75. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the business posted $4.04 EPS. The business’s revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, August 26th will be given a dividend of $0.96 per share. The ex-dividend date is Tuesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 0.7%. S&P Global’s dividend payout ratio is currently 29.54%.

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.