S&P Global Inc. (NYSE:SPGI) Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. trimmed its position in S&P Global Inc. (NYSE:SPGI) by 15.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 613,560 shares of the business services provider’s stock after selling 113,980 shares during the period. S&P Global accounts for approximately 1.4% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 22nd biggest holding. Mawer Investment Management Ltd. owned about 0.20% of S&P Global worth $305,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter valued at about $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth about $31,000. Dunhill Financial LLC boosted its position in 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 buying an additional 34 shares during the last quarter. Sound Income Strategies LLC increased its holdings in S&P Global by 700.0% in the 4th quarter. Sound Income Strategies LLC now owns 72 shares of the business services provider’s stock worth $36,000 after buying an additional 63 shares during the period. Finally, BankPlus Trust Department acquired a new position in S&P Global in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of NYSE SPGI opened at $502.33 on Friday. The firm has a fifty day moving average of $515.20 and a 200 day moving average of $510.14. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The firm has a market cap of $157.65 billion, a PE ratio of 40.67, a PEG ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 firm earned $3.13 EPS. As a group, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were paid a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 0.76%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. S&P Global’s dividend payout ratio (DPR) is 31.09%.

Analyst Upgrades and Downgrades

SPGI has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. BMO Capital Markets upped their price target 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. StockNews.com lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. Finally, Evercore ISI lifted their price target on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $590.86.

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.