Milestones Administradora de Recursos Ltda. Acquires 1,815 Shares of S&P Global Inc. (NYSE:SPGI)

Milestones Administradora de Recursos Ltda. boosted its position in shares of S&P Global Inc. (NYSE:SPGI) by 77.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,145 shares of the business services provider’s stock after purchasing an additional 1,815 shares during the period. S&P Global comprises about 1.0% of Milestones Administradora de Recursos Ltda.’s investment portfolio, making the stock its 14th biggest position. Milestones Administradora de Recursos Ltda.’s holdings in S&P Global were worth $2,064,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Headinvest LLC lifted its holdings in S&P Global by 2.0% during the 3rd quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after purchasing an additional 20 shares during the last quarter. EWA LLC increased its position in S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock valued at $254,000 after acquiring an additional 20 shares in the last quarter. Continuum Advisory LLC increased its position in S&P Global by 1.3% in the 3rd quarter. Continuum Advisory LLC now owns 1,544 shares of the business services provider’s stock valued at $788,000 after acquiring an additional 20 shares in the last quarter. Parkside Financial Bank & Trust increased its position in S&P Global by 2.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares in the last quarter. Finally, Fullcircle Wealth LLC increased its position in S&P Global by 1.2% in the 3rd quarter. Fullcircle Wealth LLC now owns 1,789 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 21 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Price Performance

NYSE:SPGI opened at $525.77 on Friday. S&P Global Inc. has a one year low of $407.69 and a one year high of $545.39. The company has a market cap of $161.83 billion, a P/E ratio of 42.57, a P/E/G ratio of 2.41 and a beta of 1.20. The firm’s fifty day moving average price is $512.90 and its two-hundred day moving average price is $510.33. 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 (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate 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 prior year, the firm earned $3.13 EPS. Equities analysts expect that S&P Global Inc. will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a dividend yield of 0.73%. S&P Global’s dividend payout ratio is 31.09%.

Analyst Ratings Changes

Several equities research analysts have recently commented on SPGI shares. UBS Group lifted their price target on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th. Oppenheimer lowered their price target on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. BMO Capital Markets lifted their price target on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price target on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Finally, Wells Fargo & Company lifted their price target on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $590.23.

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.