S&P Global Inc. (NYSE:SPGI) Shares Bought by National Bank of Canada FI

Key Points

• National Bank of Canada FI increased its stake in S&P Global Inc. by 15.4%, owning a total of 237,723 shares valued at approximately $120.79 million.
• Several institutional investors have altered their positions in S&P Global, leading to 87.17% of the stock being owned by institutional investors and hedge funds.
• S&P Global reported a quarterly EPS of $4.43, surpassing analysts' estimates, alongside a revenue increase of 5.8% year-over-year, amounting to $3.76 billion.

National Bank of Canada FI lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 237,723 shares of the business services provider's stock after purchasing an additional 31,706 shares during the quarter. National Bank of Canada FI owned about 0.08% of S&P Global worth $120,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Stegent Equity Advisors Inc. lifted its position in S&P Global by 3.1% in the first quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock valued at $335,000 after buying an additional 20 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its position in S&P Global by 0.7% in the first quarter. Foster Dykema Cabot & Partners LLC now owns 2,859 shares of the business services provider's stock valued at $1,453,000 after buying an additional 20 shares during the last quarter. Integrated Investment Consultants LLC lifted its position in S&P Global by 2.8% in the first quarter. Integrated Investment Consultants LLC now owns 762 shares of the business services provider's stock valued at $387,000 after buying an additional 21 shares during the last quarter. Hemington Wealth Management lifted its position in S&P Global by 8.0% in the first quarter. Hemington Wealth Management now owns 284 shares of the business services provider's stock valued at $144,000 after buying an additional 21 shares during the last quarter. Finally, Retirement Planning Group LLC lifted its position in S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

Shares of SPGI stock traded down $2.14 during trading hours on Friday, hitting $556.99. The stock had a trading volume of 820,714 shares, compared to its average volume of 1,181,506. The firm has a market capitalization of $170.05 billion, a PE ratio of 42.85, a PEG ratio of 2.98 and a beta of 1.19. S&P Global Inc. has a twelve month low of $427.14 and a twelve month high of $566.42. The stock's 50 day moving average is $525.43 and its 200 day moving average is $511.04. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, topping the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period last year, the company earned $4.04 earnings per share. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, research analysts forecast that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.7%. S&P Global's dividend payout ratio (DPR) is 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their target price on shares of S&P Global from $632.00 to $660.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Argus upgraded shares of S&P Global to a "strong-buy" rating in a research note on Friday, May 16th. Robert W. Baird cut their price target on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 30th. Oppenheimer boosted their price target on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Finally, UBS Group boosted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $611.69.

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.