Northwest & Ethical Investments L.P. Has $4.46 Million Holdings in S&P Global Inc. (NYSE:SPGI)

Northwest & Ethical Investments L.P. decreased its position in S&P Global Inc. (NYSE:SPGI) by 46.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,953 shares of the business services provider’s stock after selling 7,831 shares during the period. Northwest & Ethical Investments L.P.’s holdings in S&P Global were worth $4,459,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blueshift Asset Management LLC purchased a new stake in S&P Global in the 4th quarter valued at about $597,000. iA Global Asset Management Inc. increased its stake in S&P Global by 12.9% in the 4th quarter. iA Global Asset Management Inc. now owns 73,171 shares of the business services provider’s stock valued at $36,441,000 after buying an additional 8,352 shares during the last quarter. Teacher Retirement System of Texas increased its stake in S&P Global by 37.1% in the 4th quarter. Teacher Retirement System of Texas now owns 185,554 shares of the business services provider’s stock valued at $92,411,000 after buying an additional 50,165 shares during the last quarter. Sandy Spring Bank increased its stake in S&P Global by 18.1% in the 4th quarter. Sandy Spring Bank now owns 13,615 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 2,089 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its stake in S&P Global by 4.3% in the 4th quarter. Royal London Asset Management Ltd. now owns 166,438 shares of the business services provider’s stock valued at $82,891,000 after buying an additional 6,825 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Stock Up 0.4 %

Shares of NYSE:SPGI opened at $497.20 on Friday. The firm has a fifty day moving average price of $513.56 and a two-hundred day moving average price of $510.53. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a market cap of $153.04 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.41 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the prior year, the business posted $3.13 earnings per share. Analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 0.77%. This is an increase from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is presently 31.09%.

Wall Street Analyst Weigh In

SPGI has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Morgan Stanley increased their target price on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. BMO Capital Markets increased their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an “outperform” rating and a $599.00 target price for the company. Finally, Citigroup assumed coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.