National Bank of Canada FI Has $122.80 Million Holdings in S&P Global Inc. (NYSE:SPGI)

National Bank of Canada FI lifted its position in shares of S&P Global Inc. (NYSE:SPGI) by 84.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 281,396 shares of the business services provider’s stock after acquiring an additional 129,190 shares during the quarter. National Bank of Canada FI’s holdings in S&P Global were worth $122,800,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC increased its holdings in S&P Global by 18.5% in the third quarter. Fidelis Capital Partners LLC now owns 1,409 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 220 shares during the period. Arkadios Wealth Advisors lifted its stake in shares of S&P Global by 6.1% in the fourth quarter. Arkadios Wealth Advisors now owns 1,523 shares of the business services provider’s stock worth $671,000 after acquiring an additional 87 shares during the period. Handelsinvest Investeringsforvaltning bought a new stake in S&P Global in the fourth quarter valued at approximately $1,644,000. Citizens Financial Group Inc. RI increased its position in S&P Global by 54.2% during the 4th quarter. Citizens Financial Group Inc. RI now owns 3,172 shares of the business services provider’s stock valued at $1,397,000 after purchasing an additional 1,115 shares during the period. Finally, Aspiriant LLC bought a new position in S&P Global during the 4th quarter worth approximately $398,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 2.0 %

SPGI traded up $8.22 during trading on Friday, hitting $425.18. 1,917,839 shares of the company’s stock were exchanged, compared to its average volume of 1,418,015. The stock has a market cap of $133.04 billion, a P/E ratio of 47.67, a PEG ratio of 2.37 and a beta of 1.14. The business’s 50 day moving average is $422.63 and its two-hundred day moving average is $419.93. S&P Global Inc. has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

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 the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion for 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, equities analysts expect that S&P Global Inc. will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company 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 yield of 0.86%. The ex-dividend date is Tuesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SPGI shares. Stifel Nicolaus increased their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Oppenheimer boosted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets raised their target price 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. Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Finally, Barclays lifted their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.60.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.10% of the stock is currently owned by insiders.

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.