S&P Global Inc. (NYSE:SPGI) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp raised its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 27.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 79,239 shares of the business services provider’s stock after buying an additional 17,184 shares during the quarter. Cibc World Markets Corp’s holdings in S&P Global were worth $39,463,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

SPGI has been the topic of several recent analyst reports. Oppenheimer lowered their target price on shares of 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. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Finally, UBS Group upped 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 report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Up 1.4 %

Shares of NYSE SPGI opened at $486.67 on Monday. The company has a 50 day simple moving average of $513.56 and a 200-day simple moving average of $510.99. The company has a market capitalization of $149.80 billion, a P/E ratio of 39.41, a P/E/G ratio of 2.41 and a beta of 1.20. 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 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the business earned $3.13 earnings per share. On average, equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.79%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 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.