Zions Bancorporation N.A. Increases Holdings in S&P Global Inc. (NYSE:SPGI)

Zions Bancorporation N.A. grew its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 19.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,382 shares of the business services provider’s stock after purchasing an additional 1,666 shares during the quarter. Zions Bancorporation N.A.’s holdings in S&P Global were worth $5,171,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of S&P Global during the 4th quarter valued at approximately $527,207,000. Proficio Capital Partners LLC increased its stake in S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares during the last quarter. FMR LLC raised its stake in S&P Global by 6.6% during the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of S&P Global during the 4th quarter valued at about $144,091,000. Finally, Wellington Management Group LLP lifted its stake in shares of S&P Global by 3.4% in the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after purchasing an additional 292,436 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on SPGI shares. UBS Group raised their price objective 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. Oppenheimer lowered their price objective 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. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Evercore ISI raised their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Citigroup assumed coverage on S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Price Performance

NYSE:SPGI opened at $504.00 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52 week low of $407.69 and a 52 week high of $545.39. The stock’s 50-day moving average price is $514.28 and its 200-day moving average price is $510.31. The stock has a market capitalization of $155.13 billion, a PE ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS 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 period last year, the company earned $3.13 EPS. As a group, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.96 per share. The ex-dividend date was Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. 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.