Mitsubishi UFJ Trust & Banking Corp Sells 12,862 Shares of S&P Global Inc. $SPGI

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of S&P Global Inc. (NYSE:SPGI) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 221,972 shares of the business services provider’s stock after selling 12,862 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in S&P Global were worth $117,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of S&P Global by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider’s stock worth $15,130,711,000 after purchasing an additional 108,729 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider’s stock valued at $1,618,934,000 after buying an additional 114,843 shares during the period. Valeo Financial Advisors LLC increased 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 worth $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in S&P Global by 26.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 2,947,239 shares of the business services provider’s stock worth $1,497,493,000 after acquiring an additional 614,809 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in S&P Global by 3.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,762,187 shares of the business services provider’s stock worth $1,403,468,000 after acquiring an additional 97,324 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SPGI shares. Wells Fargo & Company increased their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Morgan Stanley increased their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of S&P Global in a research report on Wednesday, October 8th. Finally, Mizuho increased their price target on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research note on Thursday, October 16th. Two analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $612.38.

S&P Global Trading Up 0.7%

NYSE:SPGI opened at $497.07 on Wednesday. The company has a market cap of $150.51 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.50 and a beta of 1.17. The stock’s fifty day moving average price is $500.09 and its two-hundred day moving average price is $517.04. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98.

S&P Global (NYSE:SPGI) last announced 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 company had revenue of $1.87 billion during the quarter. As a group, analysts expect that S&P Global Inc. will post 17.11 EPS for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 10th. Shareholders of record on Tuesday, November 25th will be issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, November 25th. S&P Global’s payout ratio is presently 27.93%.

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.