Commerce Bank Lowers Stock Position in S&P Global Inc. (NYSE:SPGI)

Commerce Bank trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,988 shares of the business services provider’s stock after selling 458 shares during the quarter. Commerce Bank’s holdings in S&P Global were worth $13,441,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter valued at $30,000. Noble Wealth Management PBC bought a new stake in S&P Global during the fourth quarter valued at about $31,000. Hazlett Burt & Watson Inc. grew its stake in S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 38 shares during the last quarter. Sound Income Strategies LLC grew its stake in S&P Global by 700.0% in the fourth quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in S&P Global in the fourth quarter worth about $40,000. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

SPGI has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Mizuho assumed coverage on S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on S&P Global from $618.00 to $565.00 and set an “overweight” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $591.86.

S&P Global Price Performance

Shares of SPGI opened at $462.55 on Friday. The business’s 50-day moving average is $499.33 and its two-hundred day moving average is $504.61. The company has a market capitalization of $145.17 billion, a P/E ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last announced its quarterly 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 return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company earned $3.13 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. 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 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s 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.