S&P Global Inc. (NYSE:SPGI) Shares Sold by Synovus Financial Corp

Synovus Financial Corp lowered its position in shares of S&P Global Inc. (NYSE:SPGI) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,136 shares of the business services provider’s stock after selling 80 shares during the period. Synovus Financial Corp’s holdings in S&P Global were worth $5,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC purchased a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Hazlett Burt & Watson Inc. increased its holdings in S&P Global by 131.0% in the 4th 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 raised its position 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 period. Finally, BankPlus Trust Department acquired a new position in S&P Global during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPGI shares. Wells Fargo & Company boosted their price objective on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Morgan Stanley boosted their price target 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. Citigroup began coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. StockNews.com downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Finally, Bank of America began coverage on shares of S&P Global in a research report on Thursday. They issued a “buy” rating and a $600.00 price target for the company. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $595.14.

S&P Global Price Performance

Shares of NYSE SPGI opened at $465.14 on Monday. The stock’s 50-day simple moving average is $504.81 and its 200-day simple moving average is $506.14. The firm has a market capitalization of $145.98 billion, a PE ratio of 37.66, a price-to-earnings-growth 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 released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the previous year, the company earned $3.13 EPS. As a group, equities research analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

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.