S&P Global Inc (SPGI) Position Decreased by CIBC Asset Management Inc

CIBC Asset Management Inc decreased its stake in S&P Global Inc (NYSE:SPGI) by 2.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,972 shares of the business services provider’s stock after selling 907 shares during the quarter. CIBC Asset Management Inc’s holdings in S&P Global were worth $7,995,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Granite Investment Advisors LLC boosted its position in S&P Global by 0.4% during the 1st quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after acquiring an additional 50 shares during the period. First Mercantile Trust Co. raised its stake in shares of S&P Global by 7.1% during the 1st quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock worth $164,000 after purchasing an additional 52 shares in the last quarter. Wambolt & Associates LLC raised its stake in shares of S&P Global by 3.1% during the 1st quarter. Wambolt & Associates LLC now owns 1,744 shares of the business services provider’s stock worth $375,000 after purchasing an additional 53 shares in the last quarter. CNB Bank raised its stake in shares of S&P Global by 45.9% during the 1st quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after purchasing an additional 56 shares in the last quarter. Finally, Round Table Services LLC raised its stake in shares of S&P Global by 3.9% during the 1st quarter. Round Table Services LLC now owns 1,510 shares of the business services provider’s stock worth $318,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 83.80% of the company’s stock.

Shares of SPGI stock opened at $210.86 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03. S&P Global Inc has a twelve month low of $156.68 and a twelve month high of $222.00. The company has a market capitalization of $51.38 billion, a P/E ratio of 24.81, a P/E/G ratio of 1.68 and a beta of 1.16.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 earnings per share. On average, research analysts forecast that S&P Global Inc will post 9.01 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, May 28th. S&P Global’s dividend payout ratio is currently 26.82%.

In related news, insider John L. Berisford sold 9,669 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $202.22, for a total value of $1,955,265.18. Following the sale, the insider now owns 26,344 shares of the company’s stock, valued at approximately $5,327,283.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of S&P Global stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $198.02, for a total value of $354,653.82. Following the completion of the transaction, the chief executive officer now owns 19,466 shares of the company’s stock, valued at approximately $3,854,657.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,555 shares of company stock worth $5,773,359. Company insiders own 0.20% of the company’s stock.

A number of equities research analysts have recently weighed in on SPGI shares. Morgan Stanley set a $226.00 price target on S&P Global and gave the stock a “hold” rating in a research note on Friday, May 3rd. Piper Jaffray Companies raised their price target on S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. ValuEngine raised S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, UBS Group raised their price objective on S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. S&P Global currently has an average rating of “Buy” and a consensus target price of $215.18.

ILLEGAL ACTIVITY WARNING: “S&P Global Inc (SPGI) Position Decreased by CIBC Asset Management Inc” was reported by WKRB News and is the property of of WKRB News. If you are reading this story on another website, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this story can be read at https://www.wkrb13.com/2019/05/15/sp-global-inc-spgi-position-decreased-by-cibc-asset-management-inc.html.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Read More: How to interpret a stock’s beta number

Want to see what other hedge funds are holding SPGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for S&P Global Inc (NYSE:SPGI).

Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.