Sandy Spring Bank Has $6.78 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Sandy Spring Bank lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,615 shares of the business services provider's stock after purchasing an additional 2,089 shares during the quarter. Sandy Spring Bank's holdings in S&P Global were worth $6,781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Human Investing LLC acquired a new stake in S&P Global during the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Dunhill Financial LLC lifted its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider's stock worth $36,000 after buying an additional 34 shares during the period. Sound Income Strategies LLC boosted its stake in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock valued at $36,000 after buying an additional 63 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in S&P Global in the fourth quarter valued at $40,000. 87.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wells Fargo & Company lifted 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. Oppenheimer cut their price target on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Evercore ISI upped their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Finally, StockNews.com downgraded S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $590.86.

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S&P Global Trading Up 1.2 %

Shares of NYSE SPGI traded up $6.12 during midday trading on Monday, hitting $504.00. The stock had a trading volume of 1,560,643 shares, compared to its average volume of 1,156,535. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The firm has a market cap of $155.13 billion, a P/E ratio of 40.81, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company's 50-day simple moving average is $513.85 and its 200 day simple moving average is $510.40.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 last year, the business earned $3.13 earnings per share. Research analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm 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 dividend yield of 0.76%. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global's payout ratio is 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.