Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 956,884 shares of the business services provider's stock after acquiring an additional 49,352 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.31% of S&P Global worth $478,031,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of SPGI. Banco BTG Pactual S.A. increased its position in S&P Global by 180.3% in the 4th quarter. Banco BTG Pactual S.A. now owns 2,186 shares of the business services provider's stock valued at $1,083,000 after acquiring an additional 1,406 shares during the period. Financial Counselors Inc. increased its holdings in shares of S&P Global by 0.4% during the fourth quarter. Financial Counselors Inc. now owns 12,652 shares of the business services provider's stock valued at $6,301,000 after purchasing an additional 50 shares during the period. UNIVEST FINANCIAL Corp raised its stake in shares of S&P Global by 2.4% during the fourth quarter. UNIVEST FINANCIAL Corp now owns 33,770 shares of the business services provider's stock valued at $16,819,000 after purchasing an additional 777 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in S&P Global in the fourth quarter worth about $300,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its position in S&P Global by 1.6% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 243,707 shares of the business services provider's stock valued at $121,373,000 after buying an additional 3,801 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Mizuho started coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. Morgan Stanley boosted their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Oppenheimer decreased their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Evercore ISI lifted their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $590.86.
Check Out Our Latest Research Report on S&P Global
S&P Global Trading Down 1.2 %
S&P Global stock traded down $6.31 during midday trading on Friday, reaching $502.33. The stock had a trading volume of 1,140,449 shares, compared to its average volume of 1,220,368. The firm has a market cap of $157.65 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The firm's fifty day simple moving average is $515.20 and its two-hundred day simple moving average is $510.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. S&P Global Inc. has a twelve month low of $407.69 and a twelve month high of $545.39.
S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same quarter in the prior year, the firm earned $3.13 EPS. Equities analysts anticipate that S&P Global Inc. will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global's previous quarterly dividend of $0.91. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.76%. S&P Global's dividend payout ratio (DPR) is 31.09%.
S&P Global Company Profile
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Free Report)
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.
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