S&P Global Inc. (NYSE:SPGI) Shares Bought by Scotia Capital Inc.

Scotia Capital Inc. grew its holdings in S&P Global Inc. (NYSE:SPGIFree Report) by 13.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,241 shares of the business services provider’s stock after purchasing an additional 1,008 shares during the quarter. Scotia Capital Inc.’s holdings in S&P Global were worth $3,011,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new stake in shares of S&P Global in the third quarter valued at approximately $25,000. Asset Dedication LLC acquired a new stake in shares of S&P Global in the third quarter valued at approximately $35,000. Archer Investment Corp acquired a new stake in shares of S&P Global in the second quarter valued at approximately $37,000. Rock Creek Group LP purchased a new position in shares of S&P Global during the second quarter valued at approximately $41,000. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of S&P Global by 72.3% during the third quarter. Armstrong Advisory Group Inc. now owns 112 shares of the business services provider’s stock valued at $41,000 after buying an additional 47 shares during the period. 85.50% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

S&P Global Trading Up 0.2 %

NYSE SPGI opened at $426.83 on Friday. S&P Global Inc. has a one year low of $321.14 and a one year high of $461.16. The company has a 50-day simple moving average of $436.36 and a 200-day simple moving average of $407.22. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $134.07 billion, a PE ratio of 51.86, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $2.54 earnings per share. On average, equities analysts forecast that S&P Global Inc. will post 14 earnings per share for the current year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th will be paid a $0.91 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, February 26th. S&P Global’s dividend payout ratio is currently 44.23%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on SPGI shares. Raymond James upped their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. TheStreet raised shares of S&P Global from a “c+” rating to a “b-” rating in a research note on Monday, November 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research note on Friday, February 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $446.25.

Get Our Latest Research Report on SPGI

S&P Global Company Profile

(Free Report)

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.

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

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