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

Mawer Investment Management Ltd. cut its position in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 613,560 shares of the business services provider's stock after selling 113,980 shares during the quarter. S&P Global comprises about 1.4% of Mawer Investment Management Ltd.'s holdings, making the stock its 22nd largest position. Mawer Investment Management Ltd. owned 0.20% of S&P Global worth $305,571,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nordea Investment Management AB raised its position in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock worth $328,632,000 after acquiring an additional 225,370 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock worth $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Eastern Bank increased its holdings in S&P Global by 3.1% in the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after buying an additional 6,051 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in shares of S&P Global during the 3rd quarter worth approximately $27,170,000. Institutional investors own 87.17% of the company's stock.

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S&P Global Stock Performance

Shares of SPGI stock traded up $2.56 during trading hours on Tuesday, hitting $510.66. 979,511 shares of the company were exchanged, compared to its average volume of 1,218,371. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $160.26 billion, a price-to-earnings ratio of 41.35, a P/E/G ratio of 2.41 and a beta of 1.20. The firm has a fifty day simple moving average of $515.34 and a 200 day simple moving average of $510.02. S&P Global Inc. has a 52-week low of $407.69 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company earned $3.13 earnings per share. Research analysts predict that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is a boost from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. S&P Global's dividend payout ratio is 31.09%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPGI shares. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. BMO Capital Markets upped their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley increased their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Mizuho began coverage on S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price objective for the company. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and an average price target of $590.86.

S&P Global Profile

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.