Scotia Capital Inc. Purchases 398 Shares of S&P Global Inc. $SPGI

Scotia Capital Inc. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,692 shares of the business services provider’s stock after buying an additional 398 shares during the period. Scotia Capital Inc.’s holdings in S&P Global were worth $4,055,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPGI. Vanguard Group Inc. lifted its holdings in shares of S&P Global by 1.1% during the 2nd quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock worth $15,868,750,000 after acquiring an additional 315,916 shares during the period. Geode Capital Management LLC raised its position in S&P Global by 0.6% during the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after purchasing an additional 42,724 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after purchasing an additional 114,843 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after purchasing an additional 3,163,938 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after purchasing an additional 614,809 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SPGI shares. JPMorgan Chase & Co. lowered their price target on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Morgan Stanley increased their target price on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Evercore ISI raised their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Finally, Mizuho lifted their price target on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Price Performance

S&P Global stock opened at $499.15 on Friday. The stock has a 50-day moving average price of $488.69 and a two-hundred day moving average price of $516.09. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05. The company has a market capitalization of $151.14 billion, a PE ratio of 38.40, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. Analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio is 27.93%.

About S&P Global

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.