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

Bank of Marin trimmed its position in shares of S&P Global Inc. (NYSE:SPGI) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,299 shares of the business services provider’s stock after selling 30 shares during the quarter. Bank of Marin’s holdings in S&P Global were worth $647,000 at the end of the most recent reporting period.

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 about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter valued at about $31,000. Dunhill Financial LLC lifted its position in shares of S&P Global by 94.4% during the third 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 during the last quarter. Sound Income Strategies LLC lifted its position in shares of S&P Global by 700.0% during the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after buying an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global during the fourth quarter valued at about $40,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $490.26 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $150.90 billion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a 50 day moving average price of $513.54 and a 200-day moving average price of $510.73. S&P Global Inc. has a 1-year low of $407.69 and a 1-year 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 earnings per share for the quarter, beating 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 quarter last year, the business posted $3.13 earnings per share. Equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.78%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s payout ratio is 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Morgan Stanley lifted their target price on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note 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 note on Tuesday, February 18th. Finally, Mizuho assumed coverage on shares of 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $590.86.

S&P Global Company 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.