CIBC Asset Management Inc Increases Stock Holdings in S&P Global Inc. (NYSE:SPGI)

CIBC Asset Management Inc increased its position in S&P Global Inc. (NYSE:SPGIFree Report) by 0.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,027 shares of the business services provider’s stock after acquiring an additional 401 shares during the quarter. CIBC Asset Management Inc’s holdings in S&P Global were worth $28,401,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,000. First Personal Financial Services bought a new stake in S&P Global during the third quarter valued at $29,000. Human Investing LLC purchased a new position in S&P Global during the fourth quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in S&P Global in the 3rd quarter worth about $31,000. Finally, Voisard Asset Management Group Inc. raised its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI opened at $539.77 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $507.39 and its 200 day simple moving average is $507.42. The firm has a market cap of $167.49 billion, a price-to-earnings ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $545.39.

S&P Global (NYSE:SPGIGet Free Report) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter last year, the firm earned $3.13 earnings per share. As a group, analysts predict that S&P Global Inc. will post 15.34 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.71%. S&P Global’s payout ratio is presently 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the subject of several recent analyst reports. Oppenheimer cut their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Morgan Stanley increased their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. JPMorgan Chase & Co. lowered their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets raised their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $587.92.

Check Out Our Latest Report on S&P Global

About S&P Global

(Free Report)

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.

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

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