Mizuho Securities USA LLC Buys 38,152 Shares of S&P Global Inc. (NYSE:SPGI)

Mizuho Securities USA LLC increased its holdings in S&P Global Inc. (NYSE:SPGI - Free Report) by 154.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,834 shares of the business services provider's stock after buying an additional 38,152 shares during the period. Mizuho Securities USA LLC's holdings in S&P Global were worth $32,461,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First National Corp MA ADV boosted its position in shares of S&P Global by 0.9% during the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider's stock valued at $1,211,000 after acquiring an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. grew its stake in S&P Global by 25.0% in the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider's stock worth $51,000 after buying an additional 20 shares in the last quarter. Trust Point Inc. increased its holdings in shares of S&P Global by 1.4% in the 3rd quarter. Trust Point Inc. now owns 1,404 shares of the business services provider's stock worth $725,000 after buying an additional 20 shares during the last quarter. Sapient Capital LLC raised its position in shares of S&P Global by 2.5% during the 2nd quarter. Sapient Capital LLC now owns 863 shares of the business services provider's stock valued at $385,000 after buying an additional 21 shares in the last quarter. Finally, Chatham Capital Group Inc. lifted its holdings in shares of S&P Global by 0.5% during the 2nd quarter. Chatham Capital Group Inc. now owns 4,501 shares of the business services provider's stock worth $2,007,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research reports. Robert W. Baird raised 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 downgraded S&P Global from an "outperform" rating to a "market perform" rating in a research report on Monday, September 23rd. Wells Fargo & Company upped their target price on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Evercore ISI initiated coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price objective on the stock. Finally, BMO Capital Markets reduced their price objective on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $571.31.

S&P Global Stock Down 1.4 %

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

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations of $3.43 billion. During the same period in the previous year, the firm posted $3.21 EPS. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. Equities analysts predict that S&P Global Inc. will post 15.25 EPS for the current year.

S&P Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio 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.