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

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

Several other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its holdings in shares of S&P Global by 19.1% in the 4th quarter. Forum Financial Management LP now owns 2,984 shares of the business services provider's stock worth $1,486,000 after buying an additional 479 shares during the last quarter. Sunbeam Capital Management LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $69,000. Cache Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $393,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $4,212,000. Finally, Fourth Dimension Wealth LLC purchased a new position in shares of S&P Global in the 4th quarter worth about $100,000. Institutional investors own 87.17% of the company's stock.

Wall Street Analysts Forecast Growth

SPGI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of S&P Global from a "buy" rating to a "hold" rating in a report on Thursday, February 20th. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They set a "buy" rating and a $600.00 price objective on the stock. Evercore ISI upped their price objective 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. Robert W. Baird dropped their price objective on shares of S&P Global from $616.00 to $589.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, Wells Fargo & Company upped their price objective on shares of S&P Global from $607.00 to $627.00 and gave the company an "overweight" rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus price target of $592.71.

Insider Buying and Selling at S&P Global

In other news, EVP Sally Moore sold 500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president now owns 5,131 shares of the company's stock, valued at approximately $2,619,016.33. This represents a 8.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.10% of the company's stock.

S&P Global Price Performance

Shares of SPGI stock traded up $2.04 during trading on Thursday, hitting $513.52. The company had a trading volume of 293,986 shares, compared to its average volume of 1,217,041. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average is $491.87 and its two-hundred day moving average is $503.82. The stock has a market capitalization of $157.50 billion, a price-to-earnings ratio of 41.58, a price-to-earnings-growth 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 posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion for the quarter, compared to analysts' expectations of $3.72 billion. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $4.01 earnings per share. As a group, analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Shareholders of record on Wednesday, May 28th will be given a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Wednesday, May 28th. S&P Global's payout ratio is currently 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.