Bank of Hawaii Reduces Position in S&P Global Inc (SPGI)

Bank of Hawaii decreased its position in S&P Global Inc (NYSE:SPGI) by 16.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,225 shares of the business services provider’s stock after selling 1,215 shares during the period. Bank of Hawaii’s holdings in S&P Global were worth $1,216,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Kaizen Advisory LLC boosted its position in shares of S&P Global by 143.4% during the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after purchasing an additional 357 shares during the period. Sun Life Financial INC boosted its position in shares of S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after purchasing an additional 462 shares during the period. First Mercantile Trust Co. boosted its position in shares of S&P Global by 65.0% during the 2nd quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after purchasing an additional 334 shares during the period. Fiera Capital Corp purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $202,000. Finally, Palladium Partners LLC purchased a new position in shares of S&P Global during the 2nd quarter worth approximately $204,000. 82.92% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction on Monday, November 5th. The shares were sold at an average price of $183.51, for a total transaction of $41,289.75. Following the sale, the senior vice president now directly owns 306 shares in the company, valued at approximately $56,154.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Shares of NYSE:SPGI opened at $177.64 on Friday. S&P Global Inc has a 12 month low of $162.25 and a 12 month high of $217.31. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.82. The firm has a market cap of $44.03 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.43 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Equities analysts expect that S&P Global Inc will post 8.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 annualized dividend and a yield of 1.13%. S&P Global’s dividend payout ratio is currently 29.03%.

SPGI has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of S&P Global from $186.00 to $214.00 and gave the stock a “hold” rating in a research report on Friday, July 27th. BMO Capital Markets increased their target price on shares of S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a report on Friday, July 27th. Morgan Stanley increased their target price on shares of S&P Global from $217.00 to $219.00 and gave the stock an “equal weight” rating in a report on Friday, July 27th. Atlantic Securities lowered shares of S&P Global from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Finally, UBS Group reduced their target price on shares of S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a report on Friday, September 21st. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $208.00.

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S&P Global Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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