Cibc World Market Inc. Has $55.91 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Cibc World Market Inc. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 112,255 shares of the business services provider’s stock after purchasing an additional 1,248 shares during the quarter. Cibc World Market Inc.’s holdings in S&P Global were worth $55,906,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Northwest Investment Counselors LLC acquired a new stake in S&P Global during the 3rd quarter worth about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at about $29,000. Capital Performance Advisors LLP acquired a new position in shares of S&P Global in the 3rd quarter valued at about $31,000. Voisard Asset Management Group Inc. increased its holdings in shares of S&P Global by 77.1% in the 3rd quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the period. Finally, Dunhill Financial LLC increased its holdings in shares of S&P Global by 94.4% in the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 1.2 %

SPGI opened at $523.34 on Friday. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $162.39 billion, a price-to-earnings ratio of 46.19, a P/E/G ratio of 2.38 and a beta of 1.20. The business has a 50 day moving average of $506.04 and a 200-day moving average of $504.08.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be given a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. This is a boost from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date is Wednesday, February 26th. S&P Global’s dividend payout ratio is currently 32.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley upped their target price on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. BMO Capital Markets upped their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Oppenheimer lowered their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their price target on S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $584.54.

S&P Global Profile

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.