Mizuho Markets Americas LLC Sells 2,773 Shares of S&P Global Inc. (NYSE:SPGI)

Mizuho Markets Americas LLC lessened its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 18.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,111 shares of the business services provider's stock after selling 2,773 shares during the quarter. Mizuho Markets Americas LLC's holdings in S&P Global were worth $6,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPGI. KCM Investment Advisors LLC increased its holdings in shares of S&P Global by 1.4% in the third quarter. KCM Investment Advisors LLC now owns 13,091 shares of the business services provider's stock worth $6,763,000 after acquiring an additional 184 shares in the last quarter. Archer Investment Corp grew its holdings in shares of S&P Global by 21.0% during the third quarter. Archer Investment Corp now owns 127 shares of the business services provider's stock worth $66,000 after buying an additional 22 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of S&P Global by 6.7% during the third quarter. Empowered Funds LLC now owns 6,027 shares of the business services provider's stock worth $3,114,000 after buying an additional 377 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of S&P Global by 2.6% during the third quarter. Empirical Finance LLC now owns 10,417 shares of the business services provider's stock worth $5,382,000 after buying an additional 263 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of S&P Global by 1.0% during the third quarter. CIBC Asset Management Inc now owns 56,626 shares of the business services provider's stock worth $29,254,000 after buying an additional 533 shares in the last quarter. Institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

NYSE:SPGI traded down $7.35 during mid-day trading on Friday, hitting $503.29. 1,187,616 shares of the stock were exchanged, compared to its average volume of 1,209,144. The stock has a market capitalization of $156.17 billion, a price-to-earnings ratio of 44.42, a price-to-earnings-growth ratio of 2.61 and a beta of 1.18. The firm's 50-day simple moving average is $510.47 and its 200 day simple moving average is $478.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global Inc. has a fifty-two week low of $401.79 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the company earned $3.21 EPS. The company's revenue was up 15.9% on a year-over-year basis. As a group, equities analysts anticipate that S&P Global Inc. will post 15.25 EPS for the current fiscal year.

S&P Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. 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 payout ratio is 32.13%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Oppenheimer increased their price target on S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Robert W. Baird increased their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research report on Friday, October 25th. Raymond James cut S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an "overweight" rating for the company in a research report on Friday, October 25th. Finally, Stifel Nicolaus raised 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. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $571.31.

About S&P Global

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.