iA Global Asset Management Inc. Boosts Stock Holdings in S&P Global Inc. (NYSE:SPGI)

iA Global Asset Management Inc. grew its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 12.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,171 shares of the business services provider's stock after purchasing an additional 8,352 shares during the quarter. iA Global Asset Management Inc.'s holdings in S&P Global were worth $36,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in SPGI. Swedbank AB increased its stake in S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider's stock valued at $450,280,000 after purchasing an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC grew its stake in shares of S&P Global by 3.2% in the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider's stock valued at $471,000 after buying an additional 28 shares during the period. Thrivent Financial for Lutherans increased its position in S&P Global by 208.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 45,371 shares of the business services provider's stock valued at $23,440,000 after buying an additional 30,679 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in S&P Global by 2.6% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 3,967 shares of the business services provider's stock worth $2,050,000 after buying an additional 100 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in S&P Global by 18.4% in the third quarter. Avior Wealth Management LLC now owns 450 shares of the business services provider's stock worth $232,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

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S&P Global Stock Performance

Shares of NYSE:SPGI traded up $6.12 during midday trading on Monday, reaching $504.00. The company had a trading volume of 1,560,643 shares, compared to its average volume of 1,156,536. The stock has a market cap of $155.13 billion, a P/E ratio of 40.81, a P/E/G ratio of 2.41 and a beta of 1.20. The company's 50 day moving average price is $514.28 and its 200 day moving average price is $510.31. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

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 earnings per share (EPS) for the quarter, topping 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 quarter last year, the company posted $3.13 earnings per share. As a group, sell-side 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 announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.76%. S&P Global's payout ratio is presently 31.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. StockNews.com lowered S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Citigroup initiated coverage on shares of S&P Global in a report on Friday, December 20th. They set a "buy" rating and a $600.00 price objective for the company. UBS Group upped their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Finally, Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $590.86.

About S&P Global

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.