Scotia Capital Inc. Purchases 398 Shares of S&P Global Inc. $SPGI

Scotia Capital Inc. increased its position in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,692 shares of the business services provider’s stock after buying an additional 398 shares during the period. Scotia Capital Inc.’s holdings in S&P Global were worth $4,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC acquired a new position in shares of S&P Global during the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new position in S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in S&P Global during the second quarter worth approximately $26,000. MTM Investment Management LLC acquired a new position in S&P Global during the second quarter worth approximately $27,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in 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 valued at $31,000 after buying an additional 31 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Up 0.7%

SPGI opened at $499.15 on Friday. The stock has a fifty day moving average of $488.69 and a 200-day moving average of $516.09. The company has a market capitalization of $151.14 billion, a P/E ratio of 38.40, a P/E/G ratio of 2.50 and a beta of 1.17. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The business had revenue of $1.87 billion for the quarter. On average, equities analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup lifted their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley raised their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a report on Friday, November 14th. Wells Fargo & Company increased their price objective on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Finally, Mizuho lifted their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and fifteen have given a Buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price 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.