Keybank National Association OH Has $81.34 Million Position in S&P Global Inc. (NYSE:SPGI)

Keybank National Association OH grew its holdings in S&P Global Inc. (NYSE:SPGI) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,325 shares of the business services provider’s stock after buying an additional 2,489 shares during the quarter. Keybank National Association OH owned 0.05% of S&P Global worth $81,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPGI. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth about $31,000. Human Investing LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC bought a new position in S&P Global during the 4th quarter valued at about $31,000. Finally, Dunhill Financial LLC boosted its position in S&P Global by 94.4% in 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 in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets boosted their price objective on S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Citigroup started coverage on shares of S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Down 0.9 %

Shares of NYSE SPGI opened at $528.98 on Tuesday. The firm has a 50 day moving average price of $514.36 and a 200 day moving average price of $511.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $162.82 billion, a P/E ratio of 42.83, a P/E/G 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 released its quarterly earnings data 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the firm posted $3.13 EPS. Analysts expect 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 will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.96 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 31.09%.

About S&P Global

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.