National Bank of Canada FI Buys 129,190 Shares of S&P Global Inc. (NYSE:SPGI)

National Bank of Canada FI boosted its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 84.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,396 shares of the business services provider's stock after purchasing an additional 129,190 shares during the quarter. National Bank of Canada FI owned approximately 0.09% of S&P Global worth $122,800,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC bought a new position in S&P Global during the 4th quarter worth $28,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider's stock worth $28,000 after acquiring an additional 25 shares during the last quarter. LFA Lugano Financial Advisors SA increased its holdings in shares of S&P Global by 200.0% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider's stock worth $33,000 after acquiring an additional 50 shares during the period. MCF Advisors LLC lifted its position in S&P Global by 141.7% in the 4th quarter. MCF Advisors LLC now owns 87 shares of the business services provider's stock valued at $38,000 after purchasing an additional 51 shares during the last quarter. Finally, Fortis Group Advisors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $33,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SPGI. Barclays raised their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research note on Monday, April 1st. Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a "buy" rating in a research note on Friday, April 26th. Finally, Oppenheimer upped their price objective on shares of S&P Global from $480.00 to $482.00 and gave the stock an "outperform" rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $462.60.

Insider Activity at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.10% of the stock is currently owned by insiders.

S&P Global Stock Up 2.0 %

NYSE:SPGI traded up $8.22 during trading hours on Friday, hitting $425.18. 1,917,839 shares of the stock traded hands, compared to its average volume of 1,418,015. The firm has a market cap of $133.04 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 2.37 and a beta of 1.14. The firm has a 50 day moving average price of $422.63 and a 200 day moving average price of $419.93. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Equities research analysts anticipate that S&P Global Inc. will post 14.1 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global's dividend payout ratio is currently 40.81%.

S&P Global Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.