Cibc World Markets Corp Purchases 22,915 Shares of S&P Global Inc. (NYSE:SPGI)

Cibc World Markets Corp boosted its position in S&P Global Inc. (NYSE:SPGI) by 43.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,177 shares of the business services provider’s stock after purchasing an additional 22,915 shares during the period. Cibc World Markets Corp’s holdings in S&P Global were worth $33,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. D.B. Root & Company LLC increased its holdings in S&P Global by 3.6% in the 4th quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after purchasing an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC increased its holdings in S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after purchasing an additional 23 shares during the last quarter. Allworth Financial LP increased its holdings in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after purchasing an additional 24 shares during the last quarter. Oakworth Capital Inc. increased its holdings in S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky increased its holdings in S&P Global by 1.7% in the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, May 24th. Stifel Nicolaus raised their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Oppenheimer raised their price target on shares of S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, 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 report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $467.89.

S&P Global Stock Up 1.0 %

Shares of S&P Global stock traded up $4.37 during trading on Wednesday, hitting $436.21. 879,866 shares of the stock were exchanged, compared to its average volume of 1,321,830. S&P Global Inc. has a 12-month low of $340.49 and a 12-month high of $461.16. The stock has a market cap of $136.49 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 2.39 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm’s 50-day moving average price is $425.97 and its 200 day moving average price is $429.25.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. As a group, analysts forecast that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 29th. S&P Global’s dividend payout ratio (DPR) is presently 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.