IHS Markit Ltd. (INFO) Shares Bought by Chevy Chase Trust Holdings Inc.

Chevy Chase Trust Holdings Inc. increased its holdings in IHS Markit Ltd. (NASDAQ:INFO) by 15.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,832 shares of the business services provider’s stock after purchasing an additional 43,425 shares during the period. Chevy Chase Trust Holdings Inc. owned 0.08% of IHS Markit worth $13,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Oppenheimer Asset Management Inc. lifted its holdings in IHS Markit by 1.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 87,136 shares of the business services provider’s stock worth $3,841,000 after purchasing an additional 1,216 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of IHS Markit by 2,766.4% during the 3rd quarter. Asset Management One Co. Ltd. now owns 615,778 shares of the business services provider’s stock worth $27,144,000 after acquiring an additional 594,295 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of IHS Markit by 3.1% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 210,727 shares of the business services provider’s stock worth $9,289,000 after acquiring an additional 6,333 shares in the last quarter. AMP Capital Investors Ltd raised its holdings in shares of IHS Markit by 18.8% during the 3rd quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock worth $9,378,000 after acquiring an additional 33,707 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of IHS Markit by 16.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 51,578 shares of the business services provider’s stock worth $2,274,000 after acquiring an additional 7,198 shares in the last quarter. 99.21% of the stock is currently owned by institutional investors.

In other IHS Markit news, CFO Todd S. Hyatt sold 20,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

IHS Markit Ltd. (INFO) opened at $45.20 on Wednesday. The company has a market capitalization of $18,002.05, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 2.15 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53. IHS Markit Ltd. has a 12-month low of $34.20 and a 12-month high of $48.53.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.04. The company had revenue of $904.70 million for the quarter, compared to the consensus estimate of $890.99 million. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. IHS Markit’s quarterly revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.45 EPS. equities research analysts expect that IHS Markit Ltd. will post 1.57 earnings per share for the current fiscal year.

Several analysts have recently issued reports on the company. Morgan Stanley decreased their price objective on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a report on Wednesday, September 27th. Zacks Investment Research cut IHS Markit from a “hold” rating to a “sell” rating in a report on Friday, September 29th. Royal Bank of Canada decreased their price objective on IHS Markit from $50.00 to $49.00 and set an “outperform” rating on the stock in a report on Wednesday, September 27th. Bank of America decreased their price objective on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a report on Wednesday, September 27th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $50.00 price objective (down from $52.00) on shares of IHS Markit in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.64.

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IHS Markit Profile

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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Institutional Ownership by Quarter for IHS Markit (NASDAQ:INFO)

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