TD Asset Management Inc Reduces Position in S&P Global Inc. $SPGI

Key Points

• TD Asset Management Inc reduced its position in S&P Global Inc. by 3.2% during the second quarter, holding 153,417 shares valued at approximately $80.9 million.
• Other institutional investors have increased their stakes in S&P Global, with notable increases from Windmill Hill Asset Management Ltd (17.0%) and Naviter Wealth LLC (8.1%).
• S&P Global has declared a quarterly dividend of $0.96 per share to be paid on December 10th, representing an annualized dividend of $3.84 and a dividend yield of 0.8%.

TD Asset Management Inc lessened its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,417 shares of the business services provider's stock after selling 4,999 shares during the quarter. TD Asset Management Inc owned approximately 0.05% of S&P Global worth $80,895,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Windmill Hill Asset Management Ltd lifted its stake in S&P Global by 17.0% in the second quarter. Windmill Hill Asset Management Ltd now owns 7,966 shares of the business services provider's stock worth $4,200,000 after acquiring an additional 1,160 shares during the period. Naviter Wealth LLC lifted its stake in S&P Global by 8.1% in the second quarter. Naviter Wealth LLC now owns 704 shares of the business services provider's stock worth $371,000 after acquiring an additional 53 shares during the period. Alpine Woods Capital Investors LLC lifted its stake in S&P Global by 9.1% in the second quarter. Alpine Woods Capital Investors LLC now owns 1,275 shares of the business services provider's stock worth $672,000 after acquiring an additional 106 shares during the period. Cornerstone Wealth Group LLC lifted its stake in S&P Global by 8.1% in the second quarter. Cornerstone Wealth Group LLC now owns 577 shares of the business services provider's stock worth $304,000 after acquiring an additional 43 shares during the period. Finally, NorthRock Partners LLC lifted its stake in S&P Global by 7.2% in the second quarter. NorthRock Partners LLC now owns 4,817 shares of the business services provider's stock worth $2,539,000 after acquiring an additional 325 shares during the period. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Price Performance

SPGI opened at $486.76 on Wednesday. The stock has a fifty day simple moving average of $526.73 and a two-hundred day simple moving average of $513.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The company has a market cap of $148.61 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 2.54 and a beta of 1.19. S&P Global Inc. has a 12-month low of $427.14 and a 12-month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global's dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

SPGI has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Barclays raised their price target on S&P Global from $610.00 to $620.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price target on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Citigroup raised their price target on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research note on Monday, September 15th. Finally, UBS Group raised their price target on 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 equities research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $615.69.

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.

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