Mawer Investment Management Ltd. Lowers Holdings in S&P Global Inc. (NYSE:SPGI)

Mawer Investment Management Ltd. reduced its holdings in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 1.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 727,540 shares of the business services provider's stock after selling 7,710 shares during the period. S&P Global comprises 1.7% of Mawer Investment Management Ltd.'s portfolio, making the stock its 18th largest holding. Mawer Investment Management Ltd. owned 0.23% of S&P Global worth $375,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. HWG Holdings LP purchased a new stake in S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC lifted its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after buying an additional 30 shares in the last quarter. First Personal Financial Services bought a new position in S&P Global in the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in S&P Global in the 2nd quarter worth $31,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Stifel Nicolaus boosted 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. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut 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 report on Friday, October 25th. UBS Group boosted their target price on shares of S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Finally, Barclays upped their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an "overweight" rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Trading Down 0.1 %

NYSE SPGI traded down $0.29 during trading hours on Monday, hitting $503.00. 1,372,756 shares of the company were exchanged, compared to its average volume of 1,210,120. S&P Global Inc. has a 52 week low of $407.53 and a 52 week high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $510.47 and a 200 day moving average price of $479.62. The stock has a market cap of $156.08 billion, a PE ratio of 44.42, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.21 EPS. Analysts forecast that S&P Global Inc. will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

S&P Global 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.