TD Waterhouse Canada Inc. Decreases Position in S&P Global Inc. (NYSE:SPGI)

TD Waterhouse Canada Inc. reduced its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,856 shares of the business services provider's stock after selling 936 shares during the period. TD Waterhouse Canada Inc.'s holdings in S&P Global were worth $15,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SPGI. Nordea Investment Management AB grew its stake in shares of S&P Global by 52.0% during the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after purchasing an additional 225,370 shares in the last quarter. Eastern Bank boosted its position in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after acquiring an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in shares of S&P Global by 19.1% in the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after acquiring an additional 6,051 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global during the 3rd quarter worth about $27,170,000. Finally, American Trust lifted its stake in S&P Global by 76.2% during the third quarter. American Trust now owns 2,518 shares of the business services provider's stock worth $1,301,000 after purchasing an additional 1,089 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Down 3.0 %

Shares of S&P Global stock opened at $448.89 on Tuesday. The company has a market cap of $140.88 billion, a P/E ratio of 36.35, a PEG ratio of 2.41 and a beta of 1.26. The firm has a fifty day moving average of $497.69 and a two-hundred day moving average of $504.02. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates 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 company earned $3.13 earnings per share. On average, analysts forecast 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 issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.91. S&P Global's dividend payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SPGI. Morgan Stanley raised their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. StockNews.com cut shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. UBS Group raised their price objective on S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. BMO Capital Markets boosted their target price on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Bank of America assumed coverage on S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 target price for the company. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and an average target price of $591.86.

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.

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