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

S&P Global logo with Finance background

Canoe Financial LP increased its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 21.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 institutional investors also recently bought and sold shares of SPGI. Wealthfront Advisers LLC boosted its stake in shares of S&P Global by 19.1% during the fourth 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. acquired a new position in S&P Global in the 4th quarter valued at $14,040,000. Freestone Capital Holdings LLC lifted its stake in shares of 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 worth $5,727,000 after purchasing an additional 49 shares during the period. Asahi Life Asset Management CO. LTD. grew its position in shares of S&P Global by 85.9% in the fourth quarter. Asahi Life Asset Management CO. LTD. now owns 1,288 shares of the business services provider's stock valued at $641,000 after purchasing an additional 595 shares during the period. Finally, Coalescence Partners Investment Management LP increased its stake in S&P Global by 62.7% in the fourth quarter. Coalescence Partners Investment Management LP now owns 30,089 shares of the business services provider's stock valued at $14,985,000 after purchasing an additional 11,599 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Sally Moore sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the transaction, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SPGI shares. Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Robert W. Baird cut their target price on S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Argus upgraded S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Bank of America started 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 for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Check Out Our Latest Research Report on S&P Global

S&P Global Stock Performance

SPGI stock traded up $8.74 during midday trading on Tuesday, reaching $523.32. The company had a trading volume of 1,023,727 shares, compared to its average volume of 1,233,308. The firm has a market capitalization of $160.50 billion, a PE ratio of 41.11, a P/E/G ratio of 2.46 and a beta of 1.20. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. 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 stock has a 50 day moving average price of $502.03 and a 200 day moving average price of $503.24.

S&P Global (NYSE:SPGI - Get Free Report) 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. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $4.01 EPS. S&P Global's revenue was up 8.2% on a year-over-year basis. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Announces Dividend

The firm 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 annualized dividend and a yield of 0.73%. The ex-dividend date was Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

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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