S&P Global Inc. $SPGI Stock: Mawer Investment Management Ltd. Raises Stake

Mawer Investment Management Ltd. boosted its stake in S&P Global Inc. (NYSE:SPGI) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 438,222 shares of the business services provider’s stock after purchasing an additional 9,649 shares during the quarter. S&P Global makes up 1.3% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 24th largest position. Mawer Investment Management Ltd.’s holdings in S&P Global were worth $172,865,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in SPGI. Dorsey Asset Management LLC purchased a new stake in S&P Global in the 1st quarter worth approximately $94,716,000. NewEdge Advisors LLC boosted its holdings in S&P Global by 17.9% in the 1st quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock valued at $8,509,000 after purchasing an additional 3,038 shares during the period. Principal Financial Group Inc. boosted its holdings in S&P Global by 12.9% in the 2nd quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider’s stock valued at $233,228,000 after purchasing an additional 65,529 shares during the period. Quantitative Investment Management LLC boosted its holdings in S&P Global by 127.4% in the 2nd quarter. Quantitative Investment Management LLC now owns 9,033 shares of the business services provider’s stock valued at $3,678,000 after purchasing an additional 5,061 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd purchased a new position in shares of S&P Global during the 2nd quarter valued at $18,361,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on SPGI. Barclays upped their price target on shares of S&P Global from $553.00 to $572.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Friday, October 2nd. Mizuho dropped their price objective on S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a research note on Monday, October 5th. Zacks Research upgraded S&P Global from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Morgan Stanley upped their target price on S&P Global from $477.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Eighteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.35.

S&P Global Price Performance

NYSE:SPGI traded up $4.82 during mid-day trading on Friday, reaching $473.33. The stock had a trading volume of 1,005,778 shares, compared to its average volume of 1,890,148. The firm has a 50 day moving average price of $428.62 and a two-hundred day moving average price of $428.44. The stock has a market capitalization of $137.22 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.21 and a beta of 1.03. S&P Global Inc. has a one year low of $381.61 and a one year high of $552.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $4.73 earnings per share. S&P Global’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, analysts expect that S&P Global Inc. will post 17.96 earnings per share for the current year.

S&P Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 25th. S&P Global’s payout ratio is presently 23.14%.

S&P Global Profile

S&P Global Inc. provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights. The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.