Mackenzie Financial Corp Cuts Stake in S&P Global Inc. (NYSE:SPGI)

Mackenzie Financial Corp trimmed its stake in S&P Global Inc. (NYSE:SPGI - Free Report) by 20.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,164,726 shares of the business services provider's stock after selling 293,001 shares during the period. Mackenzie Financial Corp owned about 0.38% of S&P Global worth $580,068,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in SPGI. Geode Capital Management LLC grew its holdings in shares of S&P Global by 1.8% in the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock valued at $3,273,264,000 after purchasing an additional 116,208 shares in the last quarter. Norges Bank acquired a new position in S&P Global during the 4th quarter worth approximately $1,725,084,000. Northern Trust Corp grew its holdings in S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in S&P Global by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,071,407 shares of the business services provider's stock worth $1,529,653,000 after acquiring an additional 357,790 shares in the last quarter. Finally, Amundi grew its holdings in S&P Global by 6.6% during the 4th quarter. Amundi now owns 2,345,377 shares of the business services provider's stock worth $1,162,979,000 after acquiring an additional 145,434 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on SPGI. Argus upgraded shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Mizuho started coverage on shares of S&P Global in a report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Robert W. Baird lowered their target price on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Evercore ISI upped their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. Finally, UBS Group upped their target price on shares of S&P Global from $555.00 to $575.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $592.71.

Insider Activity

In related 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 value of $255,215.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.10% of the company's stock.

S&P Global Stock Performance

S&P Global stock traded up $6.65 during trading hours on Tuesday, reaching $516.67. 875,271 shares of the stock were exchanged, compared to its average volume of 1,221,985. The firm's 50 day moving average is $491.21 and its 200 day moving average is $503.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $158.46 billion, a P/E ratio of 41.84, a P/E/G ratio of 2.41 and a beta of 1.23. S&P Global Inc. has a 52-week low of $419.49 and a 52-week high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The business services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.14. The business had revenue of $3.78 billion during the quarter, compared to the consensus estimate 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 revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $4.01 EPS. Analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

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

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.