Healthcare of Ontario Pension Plan Trust Fund Grows Position in S&P Global Inc. (NYSE:SPGI)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 25.3% during the 3rd quarter, Holdings Channel reports. The firm owned 266,952 shares of the business services provider’s stock after acquiring an additional 53,900 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in S&P Global were worth $137,913,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after acquiring an additional 369,598 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock valued at $1,260,665,000 after acquiring an additional 29,227 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after acquiring an additional 298,645 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of S&P Global by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,936,697 shares of the business services provider’s stock valued at $1,000,536,000 after acquiring an additional 26,300 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of S&P Global by 1.4% in the 2nd quarter. Clearbridge Investments LLC now owns 1,461,169 shares of the business services provider’s stock valued at $651,682,000 after acquiring an additional 20,624 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on SPGI shares. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. Royal Bank of Canada increased their price target on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. Morgan Stanley increased their price target on shares of S&P Global from $564.00 to $570.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets lowered their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Finally, Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Performance

NYSE:SPGI opened at $521.96 on Wednesday. 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 company has a fifty day moving average of $509.20 and a two-hundred day moving average of $483.76. The stock has a market capitalization of $161.96 billion, a PE ratio of 46.07, a P/E/G ratio of 2.66 and a beta of 1.18. S&P Global Inc. has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $3.21 earnings per share. As a group, research analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio (DPR) is 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.