Investment Management Corp of Ontario Raises Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Investment Management Corp of Ontario boosted its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,620 shares of the business services provider's stock after acquiring an additional 3,956 shares during the quarter. Investment Management Corp of Ontario's holdings in S&P Global were worth $7,281,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SPGI. Anderson Financial Strategies LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $27,000. Human Investing LLC purchased a new position in shares of S&P Global in the 4th quarter valued at approximately $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the 4th quarter valued at $31,000. Hazlett Burt & Watson Inc. increased its holdings in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock valued at $32,000 after purchasing an additional 38 shares during the period. Finally, Sound Income Strategies LLC raised its position in S&P Global by 700.0% during the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider's stock worth $36,000 after buying an additional 63 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price target for the company. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. UBS Group increased 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $592.71.

Insider Transactions at S&P Global

In related 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 value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, 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 SEC, which is available at this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global Stock Down 0.7%

Shares of NYSE:SPGI traded down $3.48 during trading hours on Wednesday, reaching $512.09. The stock had a trading volume of 1,607,743 shares, compared to its average volume of 1,222,414. The stock has a market capitalization of $157.06 billion, a price-to-earnings ratio of 41.46, a P/E/G ratio of 2.41 and a beta of 1.23. The firm's 50 day moving average is $486.48 and its 200-day moving average is $501.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a 1 year low of $419.49 and a 1 year high of $545.39.

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, topping analysts' consensus estimates of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the company earned $4.01 earnings per share. 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 announced a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Wednesday, May 28th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's payout ratio is currently 30.16%.

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.