Mawer Investment Management Ltd. Has $81.88 Million Stake in S&P Global Inc. $SPGI

Mawer Investment Management Ltd. boosted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 27.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,229 shares of the business services provider’s stock after purchasing an additional 36,078 shares during the period. Mawer Investment Management Ltd.’s holdings in S&P Global were worth $81,879,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Norges Bank bought a new position in shares of S&P Global in the second quarter worth about $2,188,945,000. Valeo Financial Advisors LLC boosted its holdings in S&P Global by 70,734.1% during the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after purchasing an additional 3,163,938 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in shares of S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock valued at $819,699,000 after acquiring an additional 1,510,540 shares during the period. TCI Fund Management Ltd. boosted its position in S&P Global by 7.0% in the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares in the last quarter. Finally, Mizuho Markets Americas LLC grew its position in S&P Global by 104,031.3% during the 3rd quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock worth $289,900,000 after acquiring an additional 595,059 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Down 0.3%

SPGI stock opened at $527.23 on Monday. S&P Global Inc. has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $159.65 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.24 and a beta of 1.20. The business’s fifty day moving average price is $518.60 and its two-hundred day moving average price is $517.32.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, beating the consensus estimate of $4.26 by $0.47. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The business had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company posted $3.89 earnings per share. S&P Global’s revenue was up 8.8% compared to the same quarter last year. On average, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. S&P Global’s dividend payout ratio (DPR) is currently 27.93%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SPGI. The Goldman Sachs Group reiterated a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research report on Tuesday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Monday, November 17th. Stifel Nicolaus reduced their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research note on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $615.64.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.