Mufg Securities Americas Inc. Makes New $2.34 Million Investment in S&P Global Inc. (NYSE:SPGI)

Mufg Securities Americas Inc. bought a new stake in S&P Global Inc. (NYSE:SPGI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,688 shares of the business services provider's stock, valued at approximately $2,335,000.

A number of other large investors have also recently bought and sold shares of SPGI. Geode Capital Management LLC raised its stake in shares of S&P Global by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after buying an additional 116,208 shares during the period. Norges Bank purchased a new stake in shares of S&P Global during the fourth quarter worth approximately $1,725,084,000. Northern Trust Corp increased its position in shares of S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after purchasing an additional 525,347 shares in the last quarter. Amundi increased its position in shares of S&P Global by 6.6% during the fourth quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after purchasing an additional 145,434 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of S&P Global by 11.4% during the fourth quarter. Nuveen Asset Management LLC now owns 2,184,312 shares of the business services provider's stock worth $1,087,853,000 after purchasing an additional 224,294 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Stock Performance

SPGI traded up $3.08 on Friday, hitting $522.36. 1,022,211 shares of the stock traded hands, compared to its average volume of 1,221,920. S&P Global Inc. has a 52 week low of $419.49 and a 52 week high of $545.39. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $160.21 billion, a PE ratio of 42.30, a P/E/G ratio of 2.41 and a beta of 1.23. The business has a fifty day moving average price of $487.94 and a two-hundred day moving average price of $502.43.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.23 by $0.14. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $4.01 EPS. S&P Global's revenue was up 8.2% compared to the same quarter last year. On average, research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Wednesday, May 28th will be given a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio is currently 30.16%.

Insider Activity at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the transaction, the executive vice president now directly owns 5,131 shares in the company, valued at $2,619,016.33. This represents a 8.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPGI. UBS Group raised their target price on S&P Global from $555.00 to $575.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Morgan Stanley raised their target price on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. BMO Capital Markets raised their target price on S&P Global from $576.00 to $590.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Evercore ISI raised their target price on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Finally, JPMorgan Chase & Co. cut their target price on S&P Global from $618.00 to $565.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold 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 "Moderate Buy" and an average price target of $592.71.

S&P Global 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.