S&P Global Inc. $SPGI Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia boosted its position in S&P Global Inc. (NYSE:SPGI) by 102.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,387 shares of the business services provider’s stock after purchasing an additional 83,745 shares during the quarter. Bank of Nova Scotia’s holdings in S&P Global were worth $87,206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group bought a new position in S&P Global in the 2nd quarter worth approximately $26,000. MTM Investment Management LLC acquired a new position in S&P Global during the 2nd quarter worth $27,000. CBIZ Investment Advisory Services LLC grew its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. eCIO Inc. bought a new position in shares of S&P Global in the first quarter worth $32,000. Finally, Activest Wealth Management increased its holdings in shares of S&P Global by 3,250.0% during the first quarter. Activest Wealth Management now owns 67 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 65 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

NYSE SPGI opened at $498.37 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $150.91 billion, a price-to-earnings ratio of 36.24, a price-to-earnings-growth ratio of 2.59 and a beta of 1.19. The company has a 50 day simple moving average of $489.02 and a 200-day simple moving average of $515.29. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The firm had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Wall Street Analyst Weigh In

Several equities analysts have commented on SPGI shares. Evercore ISI raised their target price on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday, November 14th. Finally, Morgan Stanley upped their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $613.00.

S&P Global 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.