M&T Bank Corp Acquires 368 Shares of S&P Global Inc. (NYSE:SPGI)

M&T Bank Corp lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,392 shares of the business services provider’s stock after purchasing an additional 368 shares during the quarter. M&T Bank Corp’s holdings in S&P Global were worth $27,587,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. First Personal Financial Services bought a new stake in shares of S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter valued at approximately $31,000. Human Investing LLC bought a new stake in shares of S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter worth $31,000. Finally, Dunhill Financial LLC grew its stake in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after acquiring an additional 34 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

S&P Global Stock Up 1.3 %

SPGI stock opened at $523.27 on Thursday. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business’s 50-day moving average is $514.96 and its two-hundred day moving average is $511.46. 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 company has a market cap of $161.06 billion, a price-to-earnings ratio of 42.37, a P/E/G ratio of 2.41 and a beta of 1.20.

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 analysts’ consensus estimates 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 period in the prior year, the business earned $3.13 EPS. As a group, analysts forecast 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 will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be issued a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio is currently 31.09%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPGI. Citigroup began coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Oppenheimer cut their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and an average target price of $590.23.

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.