MUFG Securities EMEA plc Purchases New Position in S&P Global Inc. $SPGI

MUFG Securities EMEA plc acquired a new position in shares of S&P Global Inc. (NYSE:SPGI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 27,000 shares of the business services provider’s stock, valued at approximately $14,237,000. S&P Global makes up about 0.0% of MUFG Securities EMEA plc’s investment portfolio, making the stock its 25th biggest position.

A number of other large investors have also modified their holdings of the stock. Costello Asset Management INC purchased a new position in S&P Global in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of S&P Global during the first quarter worth $26,000. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of S&P Global during the second quarter worth $26,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 31 shares during the period. Finally, eCIO Inc. acquired a new stake in S&P Global during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Down 0.9%

Shares of NYSE SPGI opened at $487.37 on Friday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average price is $507.44 and its two-hundred day moving average price is $515.30. S&P Global Inc. has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a market capitalization of $148.80 billion, a P/E ratio of 37.49, a PEG ratio of 2.50 and a beta of 1.19.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business had revenue of $1.87 billion during the quarter. On average, analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, November 25th. S&P Global’s dividend payout ratio (DPR) is presently 29.54%.

Analysts Set New Price Targets

SPGI has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a report on Thursday, October 9th. BMO Capital Markets reiterated an “outperform” rating and issued a $538.00 price target on shares of S&P Global in a research note on Friday. Evercore ISI increased their price target on S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a report on Friday. Barclays raised their price objective on S&P Global from $610.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $612.38.

S&P Global Company Profile

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.