Mesirow Financial Investment Management Inc. Cuts Holdings in S&P Global Inc. (NYSE:SPGI)

Mesirow Financial Investment Management Inc. cut its position in shares of S&P Global Inc. (NYSE:SPGI) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,307 shares of the business services provider’s stock after selling 44 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in S&P Global were worth $651,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Personal Financial Services purchased a new position in S&P Global in the third quarter valued at about $29,000. Human Investing LLC purchased a new position in S&P Global in the fourth quarter valued at about $30,000. Capital Performance Advisors LLP purchased a new position in S&P Global in the third quarter valued at about $31,000. Noble Wealth Management PBC purchased a new position in S&P Global in the fourth quarter valued at about $31,000. Finally, Dunhill Financial LLC raised its position in shares of S&P Global by 94.4% in the third quarter. Dunhill Financial LLC now owns 70 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 34 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Price Performance

SPGI stock opened at $497.35 on Friday. 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 one year low of $407.69 and a one year high of $545.39. The stock has a market cap of $153.08 billion, a PE ratio of 40.27, a P/E/G ratio of 2.41 and a beta of 1.20. The firm has a 50 day simple moving average of $515.06 and a two-hundred day simple moving average of $511.59.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping 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 period in the previous year, the firm posted $3.13 earnings per share. On average, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 26th. This is a boost from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s payout ratio is currently 31.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group boosted their price target 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. Morgan Stanley boosted their price target on shares of S&P Global from $595.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Finally, StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $590.23.

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.