Mawer Investment Management Ltd. grew its position in S&P Global Inc. (NYSE:SPGI) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,533,426 shares of the business services provider’s stock after buying an additional 54,571 shares during the quarter. S&P Global accounts for about 3.0% of Mawer Investment Management Ltd.’s portfolio, making the stock its 10th largest holding. Mawer Investment Management Ltd.’s holdings in S&P Global were worth $504,083,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of SPGI. Johnson Financial Group Inc. acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $28,000. International Assets Investment Management LLC acquired a new position in S&P Global during the 4th quarter worth approximately $28,000. Evolution Wealth Advisors LLC increased its position in S&P Global by 73.6% during the 4th quarter. Evolution Wealth Advisors LLC now owns 92 shares of the business services provider’s stock worth $30,000 after purchasing an additional 39 shares in the last quarter. Fortis Group Advisors LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $32,000. Finally, Duncker Streett & Co. Inc. increased its position in S&P Global by 185.7% during the 4th quarter. Duncker Streett & Co. Inc. now owns 100 shares of the business services provider’s stock worth $33,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 81.94% of the company’s stock.
A number of research firms recently issued reports on SPGI. Wells Fargo & Company upped their price objective on shares of S&P Global from $415.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 10th. Stifel Nicolaus upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Friday, December 4th. UBS Group upped their price objective on shares of S&P Global from $420.00 to $435.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of S&P Global in a research report on Monday, November 30th. They set a “buy” rating and a $415.00 price objective for the company. Finally, BMO Capital Markets decreased their price target on shares of S&P Global from $375.00 to $392.00 in a research report on Wednesday, October 28th. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. S&P Global currently has an average rating of “Buy” and an average price target of $383.54.
S&P Global (NYSE:SPGI) last issued its earnings results on Monday, February 8th. The business services provider reported $2.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.20. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.76 billion. S&P Global had a net margin of 33.20% and a return on equity of 1,009.75%. S&P Global’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.53 earnings per share. On average, research analysts forecast that S&P Global Inc. will post 11.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 10th. Investors of record on Wednesday, February 24th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, February 23rd. This is a positive change from S&P Global’s previous quarterly dividend of $0.67. This represents a $3.08 annualized dividend and a yield of 0.94%. S&P Global’s dividend payout ratio is currently 28.12%.
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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