Mawer Investment Management Ltd. Grows Holdings in S&P Global Inc. (NYSE:SPGI)


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Mawer Investment Management Ltd. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,533,426 shares of the business services provider’s stock after acquiring an additional 54,571 shares during the period. S&P Global accounts for approximately 3.0% of Mawer Investment Management Ltd.’s holdings, making the stock its 10th biggest holding. Mawer Investment Management Ltd. owned 0.64% of S&P Global worth $504,083,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the stock. Stanley Laman Group Ltd. boosted its holdings in S&P Global by 5.6% in the fourth quarter. Stanley Laman Group Ltd. now owns 19,954 shares of the business services provider’s stock valued at $6,559,000 after acquiring an additional 1,060 shares in the last quarter. Swedbank boosted its holdings in S&P Global by 60.7% in the fourth quarter. Swedbank now owns 1,227,954 shares of the business services provider’s stock valued at $397,403,000 after acquiring an additional 463,906 shares in the last quarter. Buckhead Capital Management LLC boosted its holdings in S&P Global by 16.5% in the fourth quarter. Buckhead Capital Management LLC now owns 740 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 105 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of S&P Global by 12.1% during the 4th quarter. ProShare Advisors LLC now owns 352,768 shares of the business services provider’s stock valued at $115,965,000 after buying an additional 37,975 shares in the last quarter. Finally, Fortis Capital Management LLC bought a new stake in shares of S&P Global during the 4th quarter valued at $2,011,000. Institutional investors and hedge funds own 81.94% of the company’s stock.

NYSE:SPGI traded down $6.16 during mid-day trading on Tuesday, reaching $327.13. The company’s stock had a trading volume of 27,648 shares, compared to its average volume of 1,967,084. S&P Global Inc. has a 12-month low of $186.05 and a 12-month high of $379.87. The firm’s fifty day moving average price is $324.06 and its two-hundred day moving average price is $338.62. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 8.25. The stock has a market cap of $78.74 billion, a P/E ratio of 33.40, a PEG ratio of 2.64 and a beta of 1.00.

S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 8th. The business services provider reported $2.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.51 by $0.20. S&P Global had a return on equity of 1,009.75% and a net margin of 33.20%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.76 billion. During the same quarter in the previous year, the firm earned $2.53 EPS. S&P Global’s revenue was up 7.6% on a year-over-year basis. Analysts predict that S&P Global Inc. will post 11.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Shareholders of record on Wednesday, February 24th will be given a $0.77 dividend. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Tuesday, February 23rd. This represents a $3.08 dividend on an annualized basis and a yield of 0.94%. S&P Global’s payout ratio is 28.12%.

A number of brokerages have recently commented on SPGI. UBS Group boosted their target price on shares of S&P Global from $420.00 to $435.00 and gave the company a “buy” rating in a report on Wednesday, February 10th. BMO Capital Markets dropped their target price on shares of S&P Global from $375.00 to $392.00 in a report on Wednesday, October 28th. Stifel Nicolaus upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a report on Friday, December 4th. Morgan Stanley boosted their target price on shares of S&P Global from $404.00 to $411.00 and gave the company an “overweight” rating in a report on Wednesday, October 28th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $415.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, February 10th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $383.54.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Institutional Ownership by Quarter for S&P Global (NYSE:SPGI)

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