S&P Global Inc. (NYSE:SPGI) Shares Acquired by Cidel Asset Management Inc.

Cidel Asset Management Inc. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 9.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 754 shares of the business services provider’s stock after acquiring an additional 62 shares during the period. Cidel Asset Management Inc.’s holdings in S&P Global were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPGI. Northwest Investment Counselors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $27,000. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth $29,000. Capital Performance Advisors LLP acquired a new stake in S&P Global in the third quarter valued at $31,000. Voisard Asset Management Group Inc. lifted its holdings in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 27 shares during the period. Finally, Dunhill Financial LLC boosted its position in shares of S&P Global by 94.4% during the 3rd quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock worth $36,000 after purchasing an additional 34 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SPGI shares. BMO Capital Markets raised their price objective on shares of S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Wells Fargo & Company reduced their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Finally, Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Price Performance

S&P Global stock opened at $519.00 on Friday. S&P Global Inc. has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a 50 day moving average price of $505.85 and a 200 day moving average price of $505.54. The company has a market cap of $161.05 billion, a price-to-earnings ratio of 45.81, a PEG ratio of 2.39 and a beta of 1.20.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.74%. S&P Global’s payout ratio is currently 32.13%.

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.