TD Waterhouse Canada Inc. Acquires 2,054 Shares of S&P Global Inc. $SPGI

TD Waterhouse Canada Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI) by 5.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,691 shares of the business services provider’s stock after purchasing an additional 2,054 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in S&P Global were worth $19,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in SPGI. Costello Asset Management INC bought a new stake in shares of S&P Global in the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter valued at about $26,000. MTM Investment Management LLC acquired a new position in shares of S&P Global during the second quarter valued at about $27,000. Finally, CBIZ Investment Advisory Services LLC boosted its position in shares of S&P Global by 103.3% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Wells Fargo & Company upped their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Evercore ISI increased their target price on S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $613.00.

S&P Global Price Performance

SPGI opened at $490.69 on Thursday. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $148.58 billion, a price-to-earnings ratio of 37.75, a P/E/G ratio of 2.50 and a beta of 1.17. The firm’s fifty day moving average price is $494.30 and its two-hundred day moving average price is $516.81.

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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company had revenue of $1.87 billion for the quarter. As a group, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s payout ratio is currently 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.