S&P Global Inc. (NYSE:SPGI) Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,700 shares of the business services provider’s stock after purchasing an additional 440 shares during the period. Intact Investment Management Inc.’s holdings in S&P Global were worth $1,345,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Human Investing LLC acquired a new stake in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in S&P Global during the fourth quarter worth about $31,000. Dunhill Financial LLC raised its stake in S&P Global by 94.4% during the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares during the period. Sound Income Strategies LLC boosted its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 63 shares during the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of S&P Global in the 4th quarter valued at approximately $40,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Stock Up 1.4 %

Shares of NYSE:SPGI opened at $486.67 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $513.56 and a 200-day simple moving average of $510.91. The company has a market capitalization of $149.80 billion, a PE ratio of 39.41, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 previous year, the firm earned $3.13 earnings per share. On average, equities analysts predict 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 given a dividend of $0.96 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.79%. S&P Global’s payout ratio is 31.09%.

Analysts Set New Price Targets

Several brokerages recently weighed in on SPGI. Mizuho assumed coverage on S&P Global in a research report on Wednesday. They issued an “outperform” rating and a $599.00 price objective for the company. 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 research report on Tuesday, February 18th. StockNews.com cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. BMO Capital Markets lifted their price target 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. Finally, Morgan Stanley upped 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.