MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in S&P Global Inc. (NYSE:SPGI)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in S&P Global Inc. (NYSE:SPGI) by 3.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 39,782 shares of the business services provider’s stock after purchasing an additional 1,473 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in S&P Global were worth $19,813,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust increased its position in shares of S&P Global by 2.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares in the last quarter. Personal CFO Solutions LLC grew its stake in S&P Global by 3.1% in the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 20 shares during the period. Anfield Capital Management LLC increased its holdings in S&P Global by 25.6% in the 4th quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider’s stock worth $54,000 after acquiring an additional 22 shares in the last quarter. Invenio Wealth Partners LLC increased its holdings in S&P Global by 4.0% in the 4th quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider’s stock worth $286,000 after acquiring an additional 22 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in S&P Global by 4.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 532 shares of the business services provider’s stock worth $265,000 after acquiring an additional 23 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SPGI shares. JPMorgan Chase & Co. dropped their target price on shares of S&P Global from $618.00 to $565.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Wells Fargo & Company raised their price target on shares of S&P Global from $607.00 to $627.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. Bank of America began coverage on S&P Global in a report on Thursday, April 10th. They issued a “buy” rating and a $600.00 price objective on the stock. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of S&P Global stock in a transaction on Monday, May 5th. The stock was sold at an average price of $510.43, for a total value of $255,215.00. Following the sale, the executive vice president now owns 5,131 shares in the company, valued at $2,619,016.33. The trade was a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

S&P Global Price Performance

NYSE:SPGI opened at $512.09 on Thursday. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The stock has a market cap of $157.06 billion, a PE ratio of 41.46, a P/E/G ratio of 2.41 and a beta of 1.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50 day moving average price of $486.48 and a 200 day moving average price of $501.96.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the company earned $4.01 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Equities research analysts expect that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global’s dividend payout ratio (DPR) is presently 30.16%.

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.