S&P Global Inc. $SPGI Shares Acquired by Mirabaud Asset Management Ltd

Mirabaud Asset Management Ltd lifted its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 16.1% during the second quarter, HoldingsChannel.com reports. The fund owned 14,764 shares of the business services provider’s stock after purchasing an additional 2,048 shares during the quarter. S&P Global makes up 3.6% of Mirabaud Asset Management Ltd’s holdings, making the stock its 12th largest position. Mirabaud Asset Management Ltd’s holdings in S&P Global were worth $7,643,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in S&P Global by 0.4% in the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock valued at $15,130,711,000 after purchasing an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock worth $1,618,934,000 after buying an additional 114,843 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock worth $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in S&P Global by 26.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock valued at $1,497,493,000 after acquiring an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in S&P Global by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock valued at $1,403,468,000 after acquiring an additional 97,324 shares during the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.2%

Shares of SPGI stock opened at $495.89 on Friday. The business’s fifty day moving average price is $502.04 and its 200 day moving average price is $516.52. The firm has a market capitalization of $150.15 billion, a PE ratio of 38.15, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1-year low of $427.14 and a 1-year high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The company had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, sell-side analysts forecast that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio (DPR) is 27.93%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lowered their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $538.00 price objective on shares of S&P Global in a research report on Friday, October 31st. Mizuho boosted their price objective on shares of S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. Evercore ISI upped their price objective on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus reduced their target price on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat, S&P Global has an average rating of “Buy” and an average price target of $612.38.

About S&P Global

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.