85,303 Shares of S&P Global Inc. $SPGI Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in S&P Global Inc. (NYSE:SPGI) in the third quarter, Holdings Channel reports. The institutional investor acquired 85,303 shares of the business services provider’s stock, valued at approximately $33,649,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp increased its stake in shares of S&P Global by 2.2% in the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after buying an additional 307,255 shares during the period. Unisphere Establishment grew its position in shares of S&P Global by 6.5% in the 1st quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock worth $905,995,000 after buying an additional 130,050 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of S&P Global in the 2nd quarter worth approximately $865,892,000. Soroban Capital Partners LP grew its position in shares of S&P Global by 260.3% in the 1st quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after buying an additional 1,219,990 shares during the last quarter. Finally, EdgePoint Investment Group Inc. purchased a new position in shares of S&P Global during the first quarter valued at approximately $702,911,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Down 0.0%

SPGI opened at $466.46 on Monday. The stock has a market cap of $135.23 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 2.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74. The firm’s fifty day moving average is $421.62 and its 200 day moving average is $431.64. S&P Global Inc. has a fifty-two week low of $381.61 and a fifty-two week high of $552.25.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The firm had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business posted $4.73 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that S&P Global Inc. will post 17.89 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is currently 23.14%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SPGI. Citigroup lifted their target price on shares of S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen raised S&P Global to a “hold” rating in a research note on Saturday, September 5th. Morgan Stanley raised their price objective on shares of S&P Global from $477.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, October 28th. Evercore reiterated an “outperform” rating on shares of S&P Global in a report on Wednesday. Finally, Bank of America reduced their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Eighteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $522.24.

S&P Global Company Profile

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.