BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Position in S&P Global Inc. (NYSE:SPGI)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 14.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 177,915 shares of the business services provider's stock after purchasing an additional 22,304 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.06% of S&P Global worth $88,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Minot DeBlois Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new position in shares of S&P Global in the 4th quarter valued at $27,000. Human Investing LLC acquired a new stake in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the 4th quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of S&P Global by 131.0% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after purchasing an additional 38 shares in the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SPGI. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective for the company. Evercore ISI raised their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Morgan Stanley raised their price objective on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Wells Fargo & Company raised their price objective on S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Finally, UBS Group raised their price objective on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average 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 S&P Global stock in a transaction dated Monday, May 5th. The stock was 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 owns 5,131 shares in the company, valued at approximately $2,619,016.33. This trade represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.10% of the company's stock.

S&P Global Stock Performance

SPGI traded down $0.95 on Friday, reaching $510.37. 1,293,925 shares of the stock were exchanged, compared to its average volume of 1,221,132. The company's 50-day moving average price is $490.91 and its 200 day moving average price is $503.48. S&P Global Inc. has a fifty-two week low of $419.49 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $156.53 billion, a PE ratio of 41.33, a PEG ratio of 2.41 and a beta of 1.23.

S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The company's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $4.01 EPS. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. S&P Global's payout ratio is currently 30.16%.

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.