National Bank of Canada FI Has $136.94 Million Holdings in S&P Global Inc. $SPGI

National Bank of Canada FI grew its holdings in S&P Global Inc. (NYSE:SPGI) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,716 shares of the business services provider’s stock after acquiring an additional 21,993 shares during the quarter. National Bank of Canada FI’s holdings in S&P Global were worth $136,938,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of S&P Global by 4.7% during the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock worth $1,582,000 after purchasing an additional 143 shares during the period. EverSource Wealth Advisors LLC grew its position in S&P Global by 23.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,393 shares of the business services provider’s stock worth $708,000 after buying an additional 264 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in S&P Global by 3.5% during the first quarter. Steward Partners Investment Advisory LLC now owns 37,592 shares of the business services provider’s stock valued at $19,101,000 after acquiring an additional 1,264 shares during the period. Northwest & Ethical Investments L.P. increased its stake in S&P Global by 73.7% during the first quarter. Northwest & Ethical Investments L.P. now owns 15,555 shares of the business services provider’s stock valued at $7,903,000 after acquiring an additional 6,602 shares during the period. Finally, George Kaiser Family Foundation acquired a new position in S&P Global in the 1st quarter valued at approximately $279,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SPGI shares. Mizuho lifted their price objective on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research report on Friday, September 19th. Stifel Nicolaus lowered their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Morgan Stanley raised their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. Finally, William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating and fifteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $613.00.

S&P Global Stock Up 0.7%

Shares of NYSE SPGI opened at $500.95 on Monday. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. The business has a fifty day moving average of $490.15 and a two-hundred day moving average of $514.67. The stock has a market cap of $151.69 billion, a PE ratio of 36.43, a PEG ratio of 2.60 and a beta of 1.19.

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

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th were issued a dividend of $0.96 per share. The ex-dividend date of this dividend was 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 presently 27.93%.

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.