S&P Global Inc. (NYSE:SPGI) Shares Acquired by Canoe Financial LP

Canoe Financial LP boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 21.3% in the first quarter, Holdings Channel.com reports. The firm owned 92,379 shares of the business services provider’s stock after acquiring an additional 16,195 shares during the period. Canoe Financial LP’s holdings in S&P Global were worth $46,938,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SPGI. Wealthfront Advisers LLC boosted its stake in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider’s stock valued at $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Graham Capital Management L.P. bought a new position in S&P Global during the 4th quarter valued at $14,040,000. Freestone Capital Holdings LLC boosted its stake in S&P Global by 0.4% during the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider’s stock valued at $5,727,000 after acquiring an additional 49 shares during the last quarter. Asahi Life Asset Management CO. LTD. boosted its stake in S&P Global by 85.9% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider’s stock valued at $641,000 after acquiring an additional 595 shares during the last quarter. Finally, Coalescence Partners Investment Management LP boosted its stake in S&P Global by 62.7% during the 4th quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider’s stock valued at $14,985,000 after acquiring an additional 11,599 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Trading Up 0.2%

S&P Global stock opened at $503.85 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $501.16 and a two-hundred day moving average price of $503.44. The firm has a market capitalization of $154.53 billion, a price-to-earnings ratio of 39.58, a PEG ratio of 2.45 and a beta of 1.20. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.23 by $0.14. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. S&P Global’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.01 EPS. Sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, May 28th. S&P Global’s payout ratio is 30.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPGI. Argus upgraded shares of S&P Global to a “strong-buy” rating in a research note on Friday, May 16th. UBS Group increased their price objective on shares of S&P Global from $555.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, April 30th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price objective on the stock. Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. Finally, Stifel Nicolaus decreased their price target on shares of S&P Global from $629.00 to $603.00 and set a “buy” rating for the company in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares of the company’s stock, valued at $2,619,016.33. The trade was a 8.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.10% of the stock is currently owned by company insiders.

S&P Global Company Profile

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.