Bank of Montreal Can Has $398.98 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Bank of Montreal Can lessened its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 801,123 shares of the business services provider's stock after selling 84,321 shares during the quarter. Bank of Montreal Can owned 0.26% of S&P Global worth $398,983,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in S&P Global in the fourth quarter worth $1,725,084,000. Raymond James Financial Inc. bought a new position in shares of S&P Global in the 4th quarter worth about $527,207,000. Proficio Capital Partners LLC boosted its holdings in shares of S&P Global by 71,024.1% in the 4th quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider's stock valued at $308,525,000 after buying an additional 618,620 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of S&P Global during the 4th quarter valued at about $144,091,000. Finally, Robeco Institutional Asset Management B.V. raised its stake in S&P Global by 52.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 720,517 shares of the business services provider's stock worth $358,839,000 after acquiring an additional 249,242 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 1.6 %

SPGI stock traded up $7.38 during mid-day trading on Friday, reaching $465.14. 1,045,172 shares of the stock traded hands, compared to its average volume of 1,243,081. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39. The stock's fifty day moving average is $504.81 and its 200-day moving average is $506.17. The company has a market cap of $145.98 billion, a P/E ratio of 37.66, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

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S&P Global (NYSE:SPGI - Get Free Report) last issued 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 firm posted $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a $0.96 dividend. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.83%. The ex-dividend date was Wednesday, February 26th. S&P Global's dividend payout ratio is currently 31.09%.

Analyst Ratings Changes

SPGI has been the topic of a number of research reports. Mizuho initiated coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. BMO Capital Markets boosted their price target on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Finally, Oppenheimer reduced their target price on shares of 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. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $595.14.

S&P Global Company 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.