CIBC Asset Management Inc Has $29.25 Million Stake in S&P Global Inc. (NYSE:SPGI)

CIBC Asset Management Inc increased its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 1.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,626 shares of the business services provider’s stock after acquiring an additional 533 shares during the period. CIBC Asset Management Inc’s holdings in S&P Global were worth $29,254,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter valued at $27,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter valued at about $27,000. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services bought a new stake in shares of S&P Global during the 3rd quarter valued at $29,000. Finally, Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter valued at about $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $503.29 on Friday. The company’s 50 day simple moving average is $510.62 and its 200 day simple moving average is $478.13. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global Inc. has a 1 year low of $401.79 and a 1 year high of $533.29. The stock has a market capitalization of $156.17 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $3.21 earnings per share. As a group, research analysts predict that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is 32.13%.

Analyst Upgrades and Downgrades

SPGI has been the subject of a number of recent analyst reports. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. decreased their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. BMO Capital Markets decreased their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $571.31.

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.