Mackenzie Financial Corp Sells 293,001 Shares of S&P Global Inc. (NYSE:SPGI)

Mackenzie Financial Corp decreased its stake in shares of S&P Global Inc. (NYSE:SPGI - Free Report) by 20.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,164,726 shares of the business services provider's stock after selling 293,001 shares during the quarter. Mackenzie Financial Corp owned about 0.38% of S&P Global worth $580,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of SPGI. Wealthfront Advisers LLC raised its position in shares of S&P Global by 19.1% in the fourth quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock valued at $18,799,000 after purchasing an additional 6,051 shares during the period. Graham Capital Management L.P. bought a new stake in shares of S&P Global during the 4th quarter worth about $14,040,000. Synergy Asset Management LLC grew its stake in S&P Global by 110.8% in the 4th quarter. Synergy Asset Management LLC now owns 23,868 shares of the business services provider's stock valued at $12,066,000 after buying an additional 12,547 shares during the last quarter. James Hambro & Partners LLP grew its stake in S&P Global by 0.9% in the 4th quarter. James Hambro & Partners LLP now owns 217,029 shares of the business services provider's stock valued at $108,173,000 after buying an additional 1,899 shares during the last quarter. Finally, Freestone Capital Holdings LLC grew its stake in S&P Global by 0.4% in the 4th quarter. Freestone Capital Holdings LLC now owns 11,499 shares of the business services provider's stock valued at $5,727,000 after buying an additional 49 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SPGI shares. Wall Street Zen lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Wells Fargo & Company upped their price objective on shares of S&P Global from $607.00 to $627.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. Argus raised shares of S&P Global to a "strong-buy" rating in a research report on Friday, May 16th. Mizuho assumed coverage on S&P Global in a report on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 target price on the stock. Finally, Morgan Stanley upped their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $592.71.

Insider Buying and Selling at S&P Global

In other S&P Global news, EVP Sally Moore sold 500 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total value of $255,215.00. Following the completion of the sale, the executive vice president now directly owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

S&P Global Stock Down 1.0%

Shares of NYSE SPGI traded down $5.37 during midday trading on Wednesday, hitting $511.33. 877,935 shares of the stock traded hands, compared to its average volume of 1,220,615. S&P Global Inc. has a one year low of $419.49 and a one year high of $545.39. The company has a market cap of $156.82 billion, a PE ratio of 41.40, a P/E/G ratio of 2.41 and a beta of 1.23. The business has a 50 day moving average price of $491.60 and a two-hundred day moving average price of $503.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

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

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 28th. S&P Global's dividend payout ratio (DPR) is presently 30.16%.

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.