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TD Asset Management Inc Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

S&P Global logo with Finance background

Key Points

  • TD Asset Management Inc increased its stake in S&P Global Inc. by 1.1%, owning approximately 158,416 shares valued at $80.49 million as of the end of the last reporting period.
  • Several large investors also adjusted their holdings in S&P Global, highlighting a growing interest, with institutional investors now owning 87.17% of the company's stock.
  • S&P Global announced a quarterly dividend of $0.96 per share, with a dividend yield of 0.72%, set to be paid on September 10th.
  • MarketBeat previews top five stocks to own in September.

TD Asset Management Inc raised its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 158,416 shares of the business services provider's stock after purchasing an additional 1,726 shares during the quarter. TD Asset Management Inc owned 0.05% of S&P Global worth $80,491,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Stegent Equity Advisors Inc. lifted its holdings in S&P Global by 3.1% in the 1st quarter. Stegent Equity Advisors Inc. now owns 659 shares of the business services provider's stock worth $335,000 after purchasing an additional 20 shares in the last quarter. Invenio Wealth Partners LLC raised its holdings in shares of S&P Global by 4.0% during the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock worth $286,000 after acquiring an additional 22 shares in the last quarter. Retirement Planning Group LLC raised its holdings in shares of S&P Global by 0.4% during the 4th quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock worth $2,870,000 after acquiring an additional 22 shares in the last quarter. Burford Brothers Inc. raised its holdings in shares of S&P Global by 2.8% during the 1st quarter. Burford Brothers Inc. now owns 794 shares of the business services provider's stock worth $403,000 after acquiring an additional 22 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its holdings in shares of S&P Global by 1.8% during the 1st quarter. Proficio Capital Partners LLC now owns 1,266 shares of the business services provider's stock worth $643,000 after acquiring an additional 22 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SPGI. Oppenheimer upped their price objective on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a "buy" rating and a $600.00 target price on the stock. Morgan Stanley boosted their target price on S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $601.07.

Read Our Latest Stock Report on S&P Global

Insider Buying and Selling

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 5,131 shares of the company's stock, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Stock Up 4.3%

NYSE SPGI traded up $22.66 during trading on Thursday, reaching $551.99. 1,092,462 shares of the company's stock were exchanged, compared to its average volume of 1,279,762. The stock has a market cap of $169.29 billion, a P/E ratio of 43.37, a price-to-earnings-growth ratio of 2.56 and a beta of 1.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $519.19 and a two-hundred day moving average price of $508.18. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $558.86.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share for the quarter, beating the consensus estimate of $4.18 by $0.25. S&P Global had a return on equity of 14.68% and a net margin of 27.27%. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the previous year, the business earned $4.04 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, equities research analysts anticipate 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, September 10th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, August 26th. S&P Global's dividend payout ratio is presently 30.16%.

S&P Global Company Profile

(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.

See Also

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

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